Los Angeles-area stocks that moved the most during the week ending August 10.
Despite a credit crunch and an expanding mortgage crisis, the Business Journal's index of L.A.'s 200 largest public companies gained 2.5 percent for the week.
Leading the way was PeopleSupport Inc., which posted double-digit growth in profit and revenues, boosting shares in the Los Angeles-based offshore business services provider 49 percent to $12.55.
Also gaining ground on strong earnings was live entertainment venue owner and promoter Live Nation Inc. The Beverly Hills-based company reported a 34 percent surge in sales, helping shares gain 21 percent to $22.68.
Finally, optimistic about the latest report out of the National Association of Realtors, shares in Los Angeles-based homebuilder KB Home gained 15 percent o $35.57 for the week. However, shares in KB are down 37 percent since early February.
After reporting a 60 percent drop in third-quarter profit, shares in El Segundo-based IT provider En Pointe Technologies Inc. dropped 36 percent, closing at $2.81.
After its Belvedere Trust unit received a default notice, Santa Monica-based Anworth Mortgage Asset Corp. said it would be forced to sell its assets in Belvedere, sending Anworth's shares tumbling 32 percent o $4.51.
Finally, a week after gaining 30 percent in the wake of the tragic bridge collapse in Minneapolis, metal fatigue detection equipment maker Material Technologies Inc. dropped 26 percent to $1.36.
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