Up and Down: Banks, Integral Systems, Coventry, Sunrise
The Post-Bloomberg index fell more than 7 percent last week, while the S&P 500 fell 6.8 percent.
*Five banks made it onto our list of top weekly gainers last week: Annapolis Bancorp (ANNB), up 14 percent; Central Virginia Bankshares (CVBK), up 11 percent; Fauquier Bankshares (FBSS), up 9 percent; Alliance Bankshares (ABVA), up 9 percent; and Old Line Bancshares (OLDBK), up 7 percent. None reported earnings last week.
Alliance is also on the list of three-month gainers, with shares up 8 percent in that time.
*Integral Systems (ISYS) shares rose 9 percent last week, to $20.81. On Monday, the Lanham company announced a realignment of its business areas. Shares of the satellite ground systems company are up 87 percent in the past 52 weeks. They're still more than 20 percent below their 52-week high of $27, hit Aug.14.
*It's a sign of the times that the No. 10 stock on our list of one-year gainers (on which shares have to be over $3) is Norfolk Southern, whose shares are up just 4 percent in the past 52 weeks. They closed Friday at $53.12. The company said Tuesday that third-quarter profit was up 35 percent.
*Coventry Health Care (CVH), which Tuesday said third-quarter profit was down 49 percent, is No. 10 on the list of 52-week losers, with shares down 79 percent in that time. They fell 54 percent last week, closing Friday at $12.65. The Bethesda company also on Tuesday lowered its 2008 profit forecast. Shares hit their 52-week low of $11.63 on Friday.
*NII Holdings (NIHD) also reported earnings last week, saying Thursday that third-quarter profit grew 12.5 percent. But the prospect of lower future earnings, hurt by the economic slowdown in Latin America and currency exchange rates, sent the company's shares down more than 16 percent that day. They closed down 40 percent for the week, at $15.41. Shares are down 71 percent in the past three months.
*Shares of RCN (RCNI) of Herndon, which is scheduled to report earnings Nov. 4, are down 33 percent in the past week, closing Friday at $5.40. They hit their 52-week low of $5.24 on Friday.
*Sunrise Senior Living (SRZ) shares are down 86 percent in the past year, to $5.18. They're down 73 percent in the past three months, hitting their 52-week low of $4.72 Oct. 16. Analysts have said that investors are concerned about the company's debt load and about whether fewer people are going to be able to afford moving into its facilities. That has helped Sunrise make the top of the list of one-year losers. Shares fell 15 percent last week, not enough to make our top 10 weekly losers list.
*A few local companies whose shares aren't trading high enough to make our list have also had a tough year. Shares of Friedman, Billings, Ramsey Group (FBR) of Arlington are down more than 88 percent in the past year, closing Friday at 49 cents. The company Thursday said it was examining strategic options, including a sale. And shares of BearingPoint (BE) of McLean are down almost 95 percent in the last 52 weeks, closing Friday at 25 cents.
October 27, 2008; 12:00 PM ET
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