The Week’s Biggest Movers

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The Los Angeles Business Journal’s index of the 200 largest local public companies closed marginally up for the week ended March 20.

The weighted LABJ index gained 1.78 percent for the week to 79.47. By comparison, the Dow Jones Industrial Index rose 0.7 percent and the Standard & Poor’s 500 rose 1.6 percent for the week.

Gainers on the LABJ index outnumbered losers 108 to 70. Nineteen companies were unchanged.

American Apparel was the local economy’s biggest winner, with shares up 109 percent for the week on news that the company’s fourth-quarter income rose 30 percent. The company’s shares had soared 54 percent the previous week because of an $80 million capital infusion.

CKE Restaurants, owner of the Carl’s Junior chain, increased its share price 21 percent to $8.63 with the announcement that jumbo chili dogs would return to the menu.

Notable losers for the week were shopping mall owner Macerich Co., which lost 33 percent of its value to close at $6.19; the shares were dragged down along with the rest of the real estate sector. Also affected was CB Richard Ellis Group, which dropped 28 percent to $2.36 per share.

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