Dallas,Tx 6/10/2010 1:30:12 AM
News / Business

Small Cap Stock Gainers (DINE, AVNR, SNIC)

Small Cap Stocks

 

The following small caps are up in today’s trading.

Shares of Rewards Network Inc. (NASDAQ: DINE) are up 36.67% to $13.53 today. The stock opened at $13.10 and reached a high of $13.68, with volume up at 97,849.

The stock has a 52-week range of $9.85-$15.53. IT has a 50-day moving average of $12.91 and a 200-day moving average of 12.47. The support level for the stock is at $9.38 and the resistance level is at $10.84.

 

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Chicago, Illinois-based Rewards Network Inc. is an operator of dining rewards program in North America. Earlier today, news surfaced that Sam Zell’s Equity Group Investments LLC offered to acquire the remaining shares that it does not own in the company.         

 

Shares of Avanir Pharmaceuticals (NASDAQ: AVNR) are up 13.96% to $2.53. The stock opened at $2.37 and reached a high of $2.59 on above average volume of 1.45 million.

The stock has a 52-week range of $1.23-$4.09. It has a 50-day moving average of $2.74 and a 200-day moving average of $2.15. The support level for the stock is at $2.17 and the resistance level is at $2.48.

Aliso Viejo, California-based Avanir Pharmaceuticals is a biopharmaceutical company focusing on the acquisition, development and commercialization of novel therapeutic products for treating central nervous system disorders.

Cantor Fitzgerald today initiated coverage for Avanir Pharmaceuticals with a Buy rating. The price target for the Avanir stock has been set at $8.

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Shares of Sonic Solutions (NASDAQ: SNIC) are up 5.60% to $8.86. The stock opened at $8.90 and reached a high of $9.09 on above average volume of 1.12 million.

The stock has a 52-week range of $2.46-$14.02. It has a 50-day moving average of $11.23 and a 200-day moving average of $9.02. The support level for the stock is at $7.21 and the resistance level is at $10.61.

Novato, California-based Sonic Solutions develops products and services that allow the creation of digital media content. The company today announced that a strategic alliance with RealD Inc.

Also today, JP Morgan initiated coverage on Sonic Solutions with an Overweight rating and a $13 price target.

 

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