Up and Down: Trex, Sallie, NVR
Stocks had their biggest weekly drop in almost four months last week, with the S&P 500 down 3.5 percent. The Post-Bloomberg Regional index fell 3.68 percent last week.
*The biggest gainer on our list was Trex (TWP) of Winchester. The decking maker's shares gained 28 percent last week, closing at $13.54. They've been on a pretty steady upward march since the company announced first-quarter results on May 6. Trex then said first-quarter profit was about 50 percent higher than in the year-earlier period, but it decreased its second-quarter forecast.
*Two biotechs took spots No. 2 and 3 on the list of top one-week gainers: MiddleBrook Pharmaceuticals (MBRK) of Germantown and Sucampo Pharmaceuticals (SCMP) of Bethesda. Shares of MiddleBrook were up 22 percent, to close at $4.48, and shares of Sucampo were up 20 percent, at $12.40. MiddleBrook is still on the list of one-year gainers, to, with shares up 49 percent in that period.
*Shares of Sallie Mae (SLM) gained 13 percent last week, closing at $23.63, helped by the news Wednesday that the administration was going to help out student lenders. CEO Albert Lord implied that day that until it found out about the federal government's plan, the company had been on the verge of pulling out of the federal loan business. Shares are still below their 52-week high of $58.
*Provident Bankshares (PBKS) fell 12 percent last week, with shares closing at $10.06. Shares of the Baltimore company fell 8.7 percent on Tuesday, part of a slide in small-cap stocks - particularly small-cap financial stocks. Provident Bankshares is down 68 percent in the past 52 weeks, and 40 percent in the past three months.
*NVR (NVR) also made our list of one-week losers, with shares falling 11 percent, to $532. The Reston company has fared better than many other home builders; its shares are down 35.5 percent from their 52-week high (which was hit May 23, 2007). Competitor KB Homes' shares are down almost 130 percent from their 52-week high, and Hovnanian Enterprises is down more than 70 percent.
*Fairfax-based ICF International's (ICFI) shares are down 29 percent in the past three months, closing Friday at $17.50. The company said May 8 after the market closed that first-quarter profit fell 10 percent, and the next day shares hit their 52-week low of $14.90. In its quarterly report, ICF left its 2008 guidance unchanged.
Please email us to report offensive comments.
The comments to this entry are closed.