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Investors continue to bet on the potential of gambling and biotech as the
best-known small cap stock indexes finished in positive territory for the
week.
The Russell 2000 Index finished Friday down slightly for the day, but was
up 2 percent for the week. Similarly, the S&P Small Cap 600 Index was
down slightly from Thursday, but rose 0.6 percent over the five-day
period.
The federal government just changed its rules on tribal casinos, and Empire
Resorts has been moving. It announced plans to work with MSEG, which is
developing a casino in Davenport, Iowa, on bringing back to life Concord
Resort with gambling. Entertainment Properties Trust owns what was the
largest resort in the Catskills of New York, which closed in 1998.
Friday’s Top Performing Small Cap Stocks (Data provided by Capital
IQ)
|
Ticker |
Company Name |
Closing Price |
%Change |
|
Nasdaq: NYNY |
Empire Resorts |
$1.06 |
24.7% |
|
AMEX: NBS |
Neostem |
$1.72 |
23.7% |
|
Nasdaq: BRID |
Bridgford Foods |
$8.99 |
19.2% |
|
Nasdaq: NYMX |
Nymox Pharmaceutical |
$8.90 |
17.9% |
|
NYSE: BXC |
Bluelinx Holdings |
$2.75 |
17% |
Empire Resorts (Nasdaq: NYNY): The resort manager