Up and Down: VSE, SLM, Vanda Pharmaceuticals, ICF International
A look at some local movers on the stock market.
Lets take the biggest losers first.
Two local banks, Carrollton Bancorp of Baltimore and Severn Bancorp of Annapolis, took the biggest one-week slides, falling 19 and 11 percent, respectively. Both posted a slide in earnings, and both cited the tough times for the banking industry.
LandAmerica Financial shares also fell 11 percent last week. Title insurers including LandAmerica are facing antitrust suits in New York. The company is set to report its earnings this week. Despite the recent drop, shares are still up 59 percent over the past three months.
The biggest loser over the past three months is VSE Corp.of Alexandria. Its shares dropped 55 percent over that period. But the company was named one of America's 200 Best Small Companies by Forbes in October and then last month put on a Motley Fool list of promising stocks.
Shares of SLM, or Sallie Mae, have fallen 44 percent in the past three months, hurt by legislation on student loans and the failed buyout. On Friday, its stock gained 1.5 percent after it got an extension from lenders.
The company that tops the list of local one-year losers also has the No. 2 spot on the list of one-week gainers. Vanda Pharmaceuticals' shares have lost 81 percent over the past year. It's waiting for an FDA ruling on its schizophrenia drug, Iloperidone. The Rockville company's loss in the fourth quarter widened, to 78 cents a share, just beating analysts' estimate of 78 cents a share. Shares were up 21 percent last week, closing at $5.22 on Friday.
Now more good news.
Chindex International of Bethesda was one of the top gainers last week, up 9 percent despite a 4.7 percent drop on Friday. And it's the biggest gainer over the past year, with shares more than doubling. It reported Friday, Feb. 8, that profit rose 473 percent in the nine months ended Dec. 31, boosted by China's rapid growth.
Shares of Human Genome Sciences of Rockville rose 15 percent last week. On Thursday, Feb. 7, HGS announced a partnership with Xencor of Monrovia, Calif.
ICF International's shares are up 78 percent in the past year. Two analysts have upgraded its shares from "hold" to "buy" over the past two months. The Fairfax consulting firm bought Jones & Stokes, a consulting firm in Sacramento, for about $50 million last week.
Up this week, Allied Capital, CoStar, FBR, SI International and Washington Real Estate Investment Trust, among others, are scheduled to report earnings.
Please email us to report offensive comments.
The comments to this entry are closed.