Inphonic Inc. leads Friday small-cap percentage losers
Shares of Inphonic Inc. (Nasdaq: INPC) took a beating on news that DeutscheBank downgraded the stock on poor subscriber growth. This news was on the heels of missed analyst estimates.
Shares of Cost Plus Inc. (Nasdaq:CPWM) fell to a 52-week low on Friday, after a UBS analyst cut his price target on the stock to $7 from $10.
Scrap metal recycler and lead fabricator Metalico Inc. (AMEX: MEA) announced that institutional investors will buy $36.7 million of its common stock in a private placement. In association with the private placement, Metalico will also issue 5.2 million shares of common stock at $7 per share.
These are the biggest percentage losers in Friday’s trading among companies with market capitalizations under $500 million:
| Price at | % | ||||||
| 2:29 et | Change | Change | Volume | Year High | Year Low |
