The Los Angeles Business Journal’s weighted index of the area’s largest public companies declined for the week.
The weighted LABJ stock index fell by less than a percentage point to 198. Losers outnumbered gainers 114 to 39. There were 11 companies unchanged.
American Apparel, which may have reached the conclusion of its recent leadership struggle and avoided default following a new financing arrangement, was among the week’s gainers. American Apparel stock rose 42 percent to close at $1.18 a share on the NYSE.
Shares of AeroVironment, the Monrovia maker of unmanned aircraft and electric vehicle charging systems, rose 4 percent to $33.43 on the Nasdaq. AeroVironment reported net income of $8.1 million for the quarter ended April 30 compared with a loss of $795,000 during the same period last year.
Kite Pharma was the week’s biggest loser. Its stock price fell 17 percent to $23.59 a share on the Nasdaq.