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Wednesday, Sep 28, 2022
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The Week’s Big Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week ended July 1 as the markets rallied ahead of the Independence Day holiday weekend.

The weighted LABJ Index rose more than 4 percent to 128.67, with gainers outpacing decliners 129 to 36 and 17 companies unchanged.

Hanmi Financial Corp. soared 34 percent to $1.18 after the Koreatown bank holding company canceled a $75 million secondary offering, saying its shares were undervalued.

NetSol Technologies Inc. jumped 18 percent to $1.74. The Calabasas IT consultant joined the Russell Microcap Index and announced a contract with an unnamed Fortune 500 company.

KB Home was one of the biggest decliners, dropping 14 percent to $10.17. The Westwood homebuilder said its fiscal second quarter loss more than doubled on slower construction and charges related to a failed development in Nevada..

Beverly Hills 3-D cinema technology company RealD Inc. fell 6 percent to $22.92 as investors waited to see how this weekend’s big 3-D film, “Transformers 3” does at the box office.

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