US SMALL/MIDCAPS-Stocks end flat to up; RadioShack extends slide
NEW YORK |
NEW YORK Oct 2 (Reuters) - Small- and mid-capitalization stocks were flat to higher o n Tuesday, though shares of RadioShack extended their recent losing streak.
Shares of RadioShack dropped 13.3 percent to $2.02 and have lost more than 20 percent since last Wednesday, when its chief executive stepped down. The electronics retailer also said last Thursday it raised $100 million in a new term loan, carrying an interest rate of 11 percent.
Another of the day's top decliners was Skechers USA, whose shares fell 12.7 percent to $17.78 after Susquehanna Financial Group cut the shoemaker's price target to $18 from $19, citing challenges in earning back shelf space after the fallout from its toning segment.
On the plus side, shares of Comstock Resources gained 3.7 percent to $19.99 after FBR Capital Markets raised the company's price target to $26 from $15.
The S&P MidCap 400 index was up 0.3 percent while the S&P SmallCap 600 index was down 0.03 percent. In comparison, the benchmark S&P 500 was up 0.09 percent.
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