Up and Down: Iomai, Stanley, Fortress International, MCG Capital
The S&P 500 hit its highest level since January last week, and the Post-Bloomberg regional index gained 2.11 percent.
*The biggest gainer of last week was Iomai (IOMI), whose shares climbed 120 percent on news of its purchase by Intercell for $6.60 a share. Shares of the Gaithersburg biotech didn't get quite that high last week, closing Friday at $6.43. The increase was enough to get it on the top of our list of three-month gainers - up 524 percent in that period. The deal is expected to close by the end of the third quarter.
*The second-biggest gainer was Stanley of Arlington (SXE), which after the market closed Wednesday reported fourth-quarter results that beat expectations, with profit up 49 percent. Shares gained 11 percent on Thursday and 18 percent for the week, closing Friday at $29.69.
*Allied Defense Group (ADG) said Tuesday that its first-quarter revenue more than tripled and loss narrowed to $3.3 million from $17.9 million, sending its shares up 12 percent for the week. The Vienna defense contractor closed at $7.13 on Friday.
*Shares of NCI of Reston (NCIT) have gained 42 percent over the past three months and 50 percent over the past year, closing Friday at $22.56. The IT company on April 29 reported that first-quarter profit gained 24 percent and that its backlog hit the $1 billion mark. Shares on Wednesday hit their 52-week high of $24.36.
*Tops on the losers list for last week was Fortress International of Columbia (FIGI), whose shares fell 25 percent to $3.35. The company late Tuesday said its first-quarter loss widened to $2.3 million from $1 million, and Wednesday its shares fell 18 percent. Fortress International shares are down 29 percent in the past three months.
*Shares of MCG Capital (MCGC) have been falling pretty steadily since the Arlington company reported late on May 7 that first-quarter profit dropped 92 percent. They fell 7 percent last week, closing at $6.11, after hitting their 52-week low of $6.02 during trading Friday. Shares are down 49 percent in the past three months.
*Fellow private-equity firm Allied Capital (ALD) of the District also got on the list of biggest one-week losers, with shares falling 6 percent, to $20. The company said Friday that it sold 9 million shares at $20.45 each, bringing in $184.1 million.
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