Up and Down: Fannie & Freddie, SI, FBR Capital Markets
Local stocks gained 0.32 percent last week, while the S&P 500 lost 0.7 percent.
*Two of last week's biggest gainers were Freddie Mae (FRE) and Fannie Mae (FNM), as detailed by Zachary Goldfarb in Saturday's newspaper. Shares of Freddie rose 60 percent, to $4.51, and shares of Fannie rose 37 percent, to $6.84. But they're still some of our biggest local losers - Fannie shares are down 75 percent in the past three months and 89 percent in the past 52 weeks. Freddie shares are down 82 percent in the past three months and 92 percent in the past year.
*Shares of SI International (SINT) rose 36 percent last week, to $31.23, on the news that a division of Serco Group would acquire it for 32 a share, or about $423 million. Shares of the Reston company jumped Wednesday and traded in a 30-cent range the rest of the week.
*Shares of Emergent BioSolutions (EBS) hit a 52-week high of $14.39 last week before closing up 15 percent, at $13.86. Shares of the Rockville biotech gained every day last week after dipping earlier in the month on earnings news.
*Last week's biggest loser on our list was FBR Capital Markets (FBCM), which lost 19 percent. Shares have fallen 64 percent in the past 52 weeks, to $4.85. The Arlington company said two weeks ago that it would cut 10 percent of jobs because of a difficult business environment.
*Shares of ComScore of Reston fell 10 percent last week, closing at $20.40. Shares are trading above the one-year low of $17.31, hit in March, but they're at less than half of their 52-week high of $42, hit Oct. 18.
*Abigail Adams National Bancorp (AANB) of the District saw its shares fall 9 percent last week, to $5.90. Shares have fallen 43 percent in the past three weeks. The company's board voted Aug. 22 to suspend regular quarterly dividends on its common stock because of economic conditions. Shares hit their 52-week low of $5.18 on Thursday.
Please email us to report offensive comments.
The comments to this entry are closed.