Kythera, RealD Among Week’s Biggest MoversFriday, September 13, 2013
The Los Angeles Business Journal’s index of largest local public companies closed higher for the week in line with recovery in the broader markets.
The weighted LABJ Stock Index rose 2.6 percent to 170.29 for the trading week ended September 13. Gainers outpaced decliners 108 to 50, with eight companies unchanged.
Kythera Biopharmaceuticals Inc. was the biggest mover, jumping 23 percent to $34.30. The Calabasas aesthetic medicine developer benefited from a positive analyst’s initiation report.
Korn/Ferry International rose 13 percent to $21.18. The Century City executive search firm reported better-than-expected quarterly earnings.
RealD Inc. was the biggest decliner, falling 18 percent to $6.67. The Beverly Hills owner of stereoscopic 3D technologies announced disappointing box office numbers on RealD-enabled screens for the second month of its fiscal second quarter.
UTi Worldwide Inc. fell 14 percent to $14.75. The Long Beach logistics company continued to suffer from a worse-than-expected fiscal fourth quarter report the previous week.