Up and Down: Vanda, Corporate Executive Board, FBR

Stocks nationwide rose last week, with the S&P 500 hitting a three-month high.

*Shares of Vanda Pharmaceuticals of Rockville (VNDA) went up 12 percent last week, closing at $3.99. Just last month, on March 17, shares of the biotech hit their 52-week low of $2.70. The biggest jump came Friday, when shares went up more than 13 percent. The company is scheduled to announce its first-quarter results on Thursday.

*Corporate Executive Board (EXBD) said Wednesday after the market closed that profit fell 18 percent, to $15.9 million (45 cents a share) in the first quarter, and that revenue grew almost 11 percent, to $138 million. It didn't change its predictions for 2008 profit, leaving it at $2.06 to $2.22 a share. Its shares gained 11 percent last week, closing at $44.31. They gained almost 13 percent on Thursday on the earnings news - Corporate Executive Board also said that it added clients in the quarter and announced a new membership program, targeting legal executives.

*Massey Energy of Richmond (MEE) hit a 52-week high last week, with shares hitting $55.74 on Monday. They closed at $55.04 on Friday, up 4.7 percent for the week. That didn't make our list of top 10 gainers for last week, but it did give the coal company the top spots on the three-month gainers list (shares up 59 percent) and the one-year gainesr list (up 116 percent). Massey announced first-quarter results on Thursday after the market closed: profit was up 29 percent, and revenue was up 6 percent.

*Friedman, Billings, Ramsey Group of Arlington (FBR) did not make the list of one-week gainers because shares trade under $3, disqualifying it from the list. But shares gained 45 percent last week, closing at $2.45. FBR reported on Thursday that it swung to a profit in the first quarter. Shares gained 13 percent that day and then 32 percent on Friday.

*One of the 10 biggest losers on the list, though, was FBR Capital Markets (FBCM), also of Arlington, Its shares lost 12 percent last week to close at $6.42. On Wednesday, the subsidiary of FBR Group reported that it swung to a first-quarter loss of $10.2 million. Shares fell every day last week: 2.2 percent Monday, 6.3 percent on Tuesday, 2.5 percent Wednesday, 0.3 percent Thursday and 1.1 percent Friday.

*The second-biggest loser on our list last week was Virginia Commerce Bancorp of Arlington (VCBI), whose shares lost 17 percent, closing Friday at $7.13. They hit their 52-week low of $6.93 on Friday. The company said before the market opened on Thursday that first-quarter profit fell almost 36 percent, to $4.2 million, and that non-performing assets and loans 90 or more days past due rose to 1.01 percent of total assets from 0.19 percent.

*MCG Capital of Arlington (MCGC) is the third-biggest loser of the past three months on our list, with shares down 37 percent in that period, closing Friday at $7.12. Shares of the private-equity firm hit a new 52-week low of $6.89 on Wednesday. On Tuesday, MCG announced that it issued 9.5 million shares as the result of a transferable rights offering. CEO Steven F. Tunney said in a statement: "We would like to thank our shareholders for this demonstration of support for the Company. We believe that this equity raise strengthens the Company's ability to opportunistically take advantage of current market opportunities for investments in the middle market."

By Terri Rupar  |  April 28, 2008; 12:00 PM ET  | Category:  Wall Street
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