The Week’s Big MoversFriday, December 7, 2012
The Los Angeles Business Journal’s index of largest local public companies closed down slightly for the week as the broader markets reacted to uncertainty about the direction of talks on the federal budget.
The weighted LABJ Stock Index rose less than one-half percent to close at 135.13 for the week ended Nov. 30. Decliners outpaced gainers 89 to 75, with eight companies unchanged.
One of the biggest decliners was Vitesse Semiconductor Corp., down 17 percent to $1.82. The Camarillo chipmaker announced a 10-million share sale of common stock.
One of the biggest gainers was Oaktree Capital Group LLC, up 7 percent to $43.29. The rise came following remarks made by Chairman Howard Marks at an investor conference.
AeroVironment Inc. rose 6 percent to $22.37. The Monrovia maker of unmanned aircraft manufacturer reported better-than-expected third-quarter results.