Coke Consolidated pops 13%, while Cato continues slide
These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended March 17 among companies with shares trading for at least $10.
Coca-Cola Bottling Consolidated (COKE) – 13% – Sales have increased 35% over last year, mostly because of acquisitions. CEO Frank Harrison’s compensation was $11.3 million in 2016, Reuters said.
Ply Gem (PGEM) – 7.7% – Cary-based siding and window-maker is trading at highest level since 2013. Went public in May 2013 at $21. Closed March 17 at $19.60.
Nucor (NUE) – 6.8% – CEO John Ferriola was bullish on 2017 prospects during interview on Jim Cramer’s CNBC show.
Cato CATO (-4.5%) – Charlotte-based apparel retailer is getting hammered by online rivals. Same-store sales declined 12% in the recent quarter.
HomeTrust Bancshares HTBI (-2.5%) Asheville-based community bank has gained 25% over the last year.
Old Dominion Freight Line – (-2.3%) – Shares of Thomasville-based trucker have also gained 25% over the last year. Look for interview with CEO David Congdon in April’s Business North Carolina.