Jakks, Ceres Among Week’s Biggest MoversFriday, October 25, 2013
The Los Angeles Business Journal’s index of largest local public companies rose for the week, as the markets recovered from declines earlier in the week.
The weighted LABJ Stock Index closed up 1.27 percent to 177.54 for the trading week ended Oct. 25. Gainers outpaced decliners 103 to 51, with eight companies unchanged.
Some companies gained on better-than-expected third-quarter earnings, among them Malibu toymaker Jakks Pacific Inc., jumping 46 percent to $6.98, and Pasadena labeling and packaging materials maker Avery Dennison Corp., rising 8 percent to $47.74.
Among the biggest decliners was Thousand Oaks energy crop company Ceres, Inc., which fell 11 percent to $1.75 despite announcing it extended a joint market development agreement in Brazil.