Up and Down: Trex, USA Mobility, Online Resources, Cogent

The Post-Bloomberg index fell 0.27% last week, while the S&P 500 gained 0.2 percent.



*The biggest gainer on our list last week was Trex (TWP), whose shares gained 60 percent, to $17.49, on news that second-quarter profit tripled as the company cut expenses and used cheaper materials. Shares gained 26 percent on Wednesday, the day the Winchester company announced earnings, and continued rising on Thursday and Friday. They're still short, however, of their 52-week high of $19.21, hit almost a year ago. The company has moved into the list of top three-month gainers, with shares up 94 percent over that time.

*USA Mobility (USMO) also released its earnings last week, saying Thursday that second-quarter profit dropped. That news came after the market closed, and shares jumped 28 percent on Friday, to $10.40, giving the stock a 29 percent gain for the week. CEO Vincent D. Kelly said in the earnings release that, "The Company's results met or exceeded the majority of our performance objectives and were largely consistent with the financial guidance we provided earlier this year."

*It's been a week and a half since FBR Capital Markets (FBCM) released its second-quarter earnings report. Shares fell the day after but have mostly climbed since then, rising 23 percent last week to close at $6.13.

*W.R. Grace (GRA) was the week's fourth-biggest gainer, with shares rising 12 percent, to $26.39. The Financial Times Deutschland reported that BASF was considering buying the Columbia chemicals company, sparking above-average trading on Wednesday and Thursday.

*Online Resources (ORCC) said Tuesday after the market closed that its second-quarter loss widened to $3.2 million from $1.2 million, and shares fell 29 percent on Wednesday. They closed down 25 percent for the week, at $7.44, after hitting its 52-week low of $6.44 on Thursday.



*JER Investors Trust (JRT) fell 19 percent last week, to $6 a share. The McLean-based finance company is set to report second-quarter earnings on Wednesday. It was the biggest gainer the previous week, with shares gaining 35 percent.

*Shares of SI International also fell 19 percent last week, closing Friday at $18.90. The Reston company said Tuesday that second-quarter profit fell 24 percent and said late Monday that it had canceled its acquisition of Alexandria-based Arrowpoint. Shares hit their 52-week low of $17.79 on Thursday.

*Cogent Communications (CCOI) of the District shares fell 13 percent last week, closing at $10.70. They're down 43 percent in the past three months and 63 percent in the past 52 weeks. The company, which sells Internet access to small and medium-sized businesses, is scheduled to report second-quarter earnings on Friday.

By Terri Rupar  |  August 4, 2008; 12:00 PM ET  | Category:  Wall Street
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