Up and Down: XM, Sucampo, RCN, Chindex

It couldn't last for long; after winning the top spots on our list of top-10 gainers for the week ended March 21, Fannie Mae (FNM) and Freddie Mac (FRE) made it onto our list of one-week losers, both dropping 17 percent.

XM Satellite Radio (XMSR) got the go-ahead from the Justice Department for its merger with Sirius Satellite Radio, and on Monday investors also seemed cheered, sending sahres up more than 15 percent. But as the week word on, they weren't quite as approving (maybe agreeing with XM and Sirius that while they're the only two satellite radio companies, there's still plenty of competition for them), and shares fell 16 percent for the week. The District company still needs the okay from the Federal Communications Commission for the deal, and 11 states asked it to put conditions on the deal.

But the biggest loser for the week was Independence Federal Savings Bank (IFSB), with shares down 34 percent, closing at $5.50. That's 50 percent of shares' 52-week high. All but four cents of that fall came on Thursday, when 200 shares were traded. (The year-to-date average number of shares traded is 481, the District-based company reports; many weeks the volume comes all on one or two days.)

Sucampo Pharmaceuticals of Bethesda made the list of three-month losers; shares were down 54 percent, to close at $8.51 on Friday. The company went public Aug. 8, and shares hit their 52-week high of $19.75 on Dec. 31. The company, which makes medicines based on prostones, or bio-lipids that appear naturally in the body, reported 2007 earnings on March 11, saying it had its second consecutive year of profitability. Revenue was up 55 percent for the year, but profit fell 39 percent. Sucampo expects a decision from the Food and Drug Administration on a treatment at the end of this month.

Greater Atlantic Financial of Reston (GAFC on Pink Sheets) made our list of 52-week gainers, but it probably won't be there for long. The bank company said Wednesday that shareholders approved its merger with Summit Financial Group of West Virginia. Shares are up 101 percent in the past 52 weeks, closing at $4.73 on Friday. On Friday, 5,300 shares were traded, sending shares up from $4.15 - the only trading activity of the week.

Shares of Cardinal Financial Group (CNFL) went up 16 percent last week, closing at $8.89. The McLean company owns banking branches as well as George Mason Mortgage. Shares have been trading between about $7 and $9 for the past three months.

Another big gainer for the week was Herndon-based RCN (RCNI), whose shares gained 11 percent to close at $10.97. The company on Wednesday announced a deal with PBS to provide programming in its on-demand library, and on Thursday it said it'd carry MLB Extra Innings.

Chindex International's shares have gone up 117 percent in the past year, making it the biggest one-year gainer on our list. They also gained 7 percent last week, to close at $37.80. The company, which provides health-care products in China, approved a three-for-two stock split on March 19. Chindex is building a clinic in Guangzhou and said it's participating in Olympics-related programs. Profit in the nine months ended Dec. 31 more than tripled, the company said last month.

By Terri Rupar  |  March 31, 2008; 12:00 PM ET  | Category:  Wall Street
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