Up and Down: NII, American Capital, Sunrise, Blackboard

The Post-Bloomberg index rose more than 11 percent last week, as the S&P 500 climbed 10.5 percent.



*NII Holdings (NIHD) shares gained 67 percent last week, closing at $25.76 on Friday - four cents above its close two weeks before that. Shares had lost 40 percent the previous week on concerns over a slowdown in Latin America.

*Shares of Legg Mason (LM) rose 41 percent last week, to $22.19. The Baltimore company reported a second-quarter loss on Wednesday and then Thursday announced it would cut about one-third of the jobs in its investment unit run by Bill Miller.

*American Capital (ACAS) of Bethesda, which is scheduled to report quarterly earnings Nov.10, gained 32 percent last week, closing at $14.05. Shares are still lower than they were two weeks ago - they closed at $14.93 on Oct.17. They're down about 66 percent in the past 52 weeks.



*Shares of Sunrise Senior Living (SRZ) closed at $3.02 on Friday - down 42 percent for the week and 92 percent in the past year. They hit their 52-week low of $2.57 on Friday, the day that Health Care REIT said it was ending its deal to buy control of 29 Sunrise nursing-home properties. The McLean company, which said the canceled deal would not affect its business, is scheduled to report third-quarter earnings this Friday.

*Lanham-based Vocus (VOCS) also hit a 52-week low on Friday, falling to $15.51 a share before closing at $16.83, down 16 percent for the week. The company said Tuesday that third-quarter profit fell more than 50 percent, and Wednesday a Piper Jaffray analyst downgraded the stock from Buy to Neutral.

*Blackboard (BBBB) of the District said Wednesday after the market closed that third-quarter profit fell, and Thursday shares lost more than 10 percent of their value. They closed down 16 percent for the week, at $24.48, after hitting a 52-week low of $22.21 on Friday.

*Shares of Optelecom-NKF (OPTC) fell 10 percent last week, to $4.76. The Germantown company is scheduled to report earnings Thursday. Shares are down more than 37 percent in the past year.

By Terri Rupar  |  November 3, 2008; 5:00 AM ET  | Category:  Wall Street
Previous: Value Added: The Heating And A/C Annuity | Next: Morning Briefing: CapitalSource Director Resigns

Comments

Please email us to report offensive comments.



The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company