The Russell 2000 Index (RTY) dropped for a third day, losing 0.8 percent to 447.51. The Standard & Poor's 500 Index (SPX), whose companies have a median market value 22 times larger than the Russell 2000's, gained 1 percent. The indexes have declined 42 percent and 41 percent, respectively, in 2008.
Chiquita Brands International Inc. (CQB) climbed 20 percent to $11.06 for the biggest advance since August 2006. The seller of bananas and other produce in more than 70 countries was raised to ``buy'' from ``hold'' by analyst Heather Jones at BB&T Capital Markets.
DHT Maritime Inc. (DHT) added 11 percent to $5.15, the highest since Nov. 5. The operator of crude carriers and Aframax tankers raised its dividend by 20 percent and said it is ``well positioned to withstand the current economic downturn'' in a statement distributed by Business Wire.
Digital River Inc. (DRIV) fell 17 percent to $18.66, the lowest level since June 2003. The company that builds and manages online business for others was cut to ``sell'' from ``hold'' at Stanford Group.
DivX Inc. (DIVX US) fell the most since March, sliding 22 percent to $4.31. The maker of software to download Web videos reduced its 2008 earnings forecast and said Yahoo! Inc. (YHOO US) plans to end an advertising agreement.
Evergreen Solar Inc. (ESLR US) fell 9.4 percent to $2.91, the lowest level since Oct. 29. The maker of wafers used in solar-power panels was reduced to ``underweight'' from ``neutral'' by JPMorgan Chase & Co.
ReneSola Ltd. (SOL) American depositary receipts (SOL US) dropped 18 percent to $3.35, the lowest level since the ADRs began trading in January. The world's largest recycler of scrap wafers used in solar panels said it was less profitable in the third quarter than in the second and that lower prices will hurt earnings.
Trina Solar Ltd. (TSL) ADRs tumbled 18 percent to $7.22, the lowest price since its December 2006 initial public offering.
Saks Inc. (SKS) fell 15 percent to $3.29, the lowest closing price since March 1991. The U.S. luxury chain posted a loss in the third quarter because of discounts intended to jumpstart sales and costs to close its unprofitable Club Libby Lu chain. Excluding one-time costs and gains, the loss was 10 cents wider than analysts estimated.
Tween Brands Inc. (TWB US) fell 18 percent to $3.86, the lowest level since shares began trading in August 1999. The U.S. clothing retailer for girls ages 7 through 14 had its price target lowered by more than a third to $6 at RBC Capital Markets, which cited an increase in promotions and lower sales.
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