Korn/Ferry, Thomas Among Week’s Biggest MoversFriday, September 6, 2013
The Los Angeles Business Journal’s index of largest local public companies closed up for the week in line with the recovery in the broader markets.
The weighted LABJ Stock Index rose more than 1 percent to 164.35 for the trading week ended Sept. 6. Decliners outpaced gainers 82 to 78, with four companies unchanged.
Among the biggest movers was Korn/Ferry International, gaining 15 percent to $20.82. The Century City staffing company benefited from an analyst’s upgrade.
Thomas Properties Group Inc. rose 10 percent to $6.10. The downtown Los Angeles real estate investment trust announced it was being acquired by Parkway Properties Inc. in all-stock transaction valued at $1.2 billion.
Response Genetics Inc. fell 8 percent to $2.21. The Boyle Heights diagnostic testing firm last week was one of the index’s biggest gainers after announcing it had acquired a cancer test.
UTi Worldwide Inc. fell 5 percent to $16.06. The Long Beach logistics company on Friday reported that it had moved from a profit to a loss in its fiscal second quarter.