The Week’s Biggest MoversFriday, February 15, 2013
The Los Angeles Business Journal’s index of largest local public companies closed up slightly for the week as the broader markets were flat.
The weighted LABJ Stock Index rose less than 1 percent to close at 145.67 for the week ended Feb. 15. Gainers outpaced decliners 110 to 50, with 10 unchanged.
One of last week’s biggest gainers was NetSol Technologies Inc. of Calabasas. Shares of the enterprise software company surged 32 percent to $9.76 as the company reported a quarterly profit.
Also gaining was ValueClick of Westlake Village. Shares of the digital marketing company were up 31 percent to $26.96 as the company reported better-than-expected quarterly revenue.
The week’s biggest loser was MPG Office Trust Inc. Shares of the downtown L.A. real estate investment trust dropped 18 percent to $2.63 last week as reports surfaced that the company has not been able to find a buyer.
Shares of El Segundo’s Stamps.com dropped 12 percent to $23.76 as the company reported revenue that was below analyst expectations.