Good times in Mount Airy: Insteel shares rocket 27%

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These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham index of public companies for the week that ended Nov. 25.

Insteel Industries IIIN  26.8%Wire maker was added to S&P Small Cap Index, attracting index-fund buyers. Expected infrastructure spending gains also benefit Mount Airy-based company, with 16% profit increase expected in 2017.
SPX SPXC  8.6% — Charlotte-based company is selling its European power generation division. Shares have tripled since January.
First Bancorp FBNC  8.3% – Southern Pines-based community bank run by former State Treasurer Richard Moore has run up 28% in last month.

Weakest performers:
Cempra CEMP  (-9%) – Cowen biotech analyst Ritu Baral downgrades drug developer, noting “profound uncertainty” and “a significant lack of clarity.” Shares closed at $6.60.
BioDelivery Sciences International BDSI  (-5.4%)Volatile company closed Nov. 25 at $1.75 per share.
Cato CATO  (-3.4%) – Charlotte-based apparel retailer ‘s weaker-than-expected earnings report weighs on its stock. Traded at $40.50 earlier this year, closed Nov. 25 at $31.31

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Peggy Kirk Bell