Los Angeles Business Journal

BreitBurn Energy Partners, TrueCar Among This Week’s Movers

By Karen Jordan Friday, August 28, 2015

The Los Angeles Business Journal’s index of the largest local public companies rose slightly after a volatile week. The weighted LABJ index was up 1 percent to close at 224, with gainers outpacing losers 79 to 75. Four companies closed the week unchanged.

Among stocks trading above a dollar, BreitBurn Energy Partners LP was among the gainers. Shares of the Los Angeles oil partnership were up 29 percent to close at $2.90 as the energy sector finished the week strong.

Santa Monica's TrueCar Inc. was also one of the week’s big gainers. Shares rose 21 percent over the week to close at $5.80 Friday. The company this week projected that its seasonally adjusted sales of cars, SUVs and pick-up trucks would reach 17.4 million vehicles, 100,000 more than a year ago.

Billionaire Patrick Soon-Shiong’s clinical-stage immunotherapy firm NantKwest Inc. was among the week’s losing stocks. Shares of the company fell 22 percent for the week, closing at $18.56.