United Online, NetSol Among Week’s Biggest MoversFriday, November 8, 2013
The Los Angeles Business Journal’s index of largest local public companies fell for the week.
The weighted LABJ Stock Index closed down 1.7 percent to 173.22 for the trading week ended Nov. 8. Decliners outpaced gainers 79 to 77, with seven companies unchanged.
The biggest mover was Woodland Hills-based United Online Inc., still benefiting from the spinoff of online floral retailer FTD Cos. Shares jumped 58 percent to $17.92.
American Apparel Inc. fell 10 percent to $1.20. The downtown Los Angeles apparel retailer and manufacturer said same-store sales in October were down 1 percent from a year earlier.
Most of the other biggest movers were linked to quarterly earnings. U.S. Auto Parts Network Inc., a Carson maker of aftermarket automotive parts, jumped 37 percent after reporting a better-than-expected third quarter.
NetSol Technologies Inc. of Calabasas, which makes software for the financial service industries, dropped 33 percent to $5.23 after reporting lower-than-expected profit and revenue for its fiscal first quarter.
J2 Global Inc., a Hollywood provider of e-fax and related cloud services, fell 18 percent after reporting third quarter profit and revenue below Wall Street forecasts.
ValueClick Inc. fell 14 percent to $21.86. The Westlake Village digital marketing company said its third-quarter net income fell 24 percent and announced plans to sell several of its websites.