Small
cap stocks making big moves on Tuesday, October 21, 2014 (as of 4 pm EST),
as reported by Hassan Malik, SmallCapPower.com
Rhino Resource Partners LP (NYSE: RNO) shares
plunged 59% to $4.90 on Tuesday after the firm announced that it will lower its
quarterly distribution. The company, which specializes in the production of
coal, said that it would cut its quarterly distribution to 5 cents a share from
its initial distribution of 44.5 cents a share. The distribution is expected to
be paid on Nov. 14.
As well,
shares of LiveDeal, Inc. (NASDAQ: LIVE)
shot up 18% to $3.10 as the mobile marketing firm announced that CEO Jon Isaac
plans to buy about 250,000 shares of the company’s stock in an open market
transaction. CEO Isaac has said that the proposed stock purchases is symbolic
of his confidence that the company is on its mission to prove the utmost
quality of service to its customers and the best deal in the industry.
Healthstream Inc. (NASDAQ: HSTM)
stock, meanwhile, also surged 22% to $29.67 after the pharmaceutical company
announced third-quarter net income of upwards of $3 million. On a per-share
basis, the Nashville, Tennessee-based company said it had a profit of 12 cents.
Earnings, adjusted for pretax gains, were 10 cents per share.
Finally,
Omeros Corporation (NASDAQ: OMER)
shares sank 12% to $12.12 after the company suspended enrollment in a mid-stage
study, which tested one of its experimental Huntington drugs on rats. After it
was proven that the rats did not take the drug well, shares were sent down 10%
before the bell.
