Xencor, United Online Among Week’s Biggest MoversFriday, February 21, 2014
The Los Angeles Business Journal’s index of largest local public companies rose slightly for the week.
The weighted LABJ Stock Index rose less than 1 percent to 188.43 for the trading week ended Feb. 21. Gainers outpaced decliners 87 to 66, with eight companies unchanged.
The biggest gainer was Xencor Inc., jumping 22 percent to $11.05. The Monrovia biotech, which is developing drugs to treat cancer, autoimmune and allergic diseases, did not release any market-moving news.
United Online Inc. gained 21 percent to $12.55. The Woodland Hills Internet service provider reported better-than-expected fourth quarter revenue.
Capstone Turbine Corp. rose 14 percent to $1.77. Analysts at FBR Capital upgraded shares of the Chatsworth maker of micro-turbines.
Among the biggest decliners was Qualstar Corp. The Simi Valley maker of data storage and power supplies this week fell 12 percent to $1.37.
Ducommun Inc. fell nearly 12 percent to $25.37. The Carson aerospace engineering firm reported losses on contracts with two major airplane manufacturers.