The Los Angeles Business Journal’s index of the largest local public companies fell slightly for the week. The weighted LABJ index ticked down less than 1 percent to close at 231, with gainers outpacing losers 87 to 66. Five companies closed the week unchanged.
Among stocks trading above $1, fashion marketing and licensing company Cherokee Inc. was the week’s leading gainers. Shares rose 12 percent to close at $26.10 on Friday after the Sherman Oaks company reported better-than-expected earnings for the first quarter.
Data management firm Qualstar Corp. was also one of the week’s leading gainers. Shares of the Simi Valley company rose 11 percent to close the week at $1.32.
Broadway Financial Corp., the Mid-Wilshire parent of Broadway Federal Bank, was one of the week’s biggest losers. Shares fell 13 percent for the week to close at $1.32 Friday. The Rubicon Project, an automated online advertising platform, also saw its stock tumble. Shares fell 9 percent for the week to close at $16.78 on Friday.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Point.360, Broadway Financial Among Week’s Movers
- Second Sight, Ceres Among this Week’s Movers
- Green Dot, MRV Communications Among This Week’s Movers
- Kite Pharma, Medbox Among Week’s Big Movers
- Kite Pharma, Cherokee Among This Week’s Movers
- Second Sight Medical Products, Entravision Communications Among Week’s Movers
- Medbox, Jakks Among Week’s Big Movers
- Big 5, Medbox Among Week’s Big Movers