LendingTree gains 6%, passes $3B market cap
Perhaps the most amazing story involving Carolinas-based stocks in the last year is the stunning ascent of LendingTree, which tacked on another big gain last week and is now valued at more than $3 billion. In September, Fortune published a feature explaining why. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Oct. 6. The index includes companies with shares trading for at least $10.
The biggest gainers:
Investors Title (ITIC) 6.4% $190.50 — Chapel Hill-based title insurer has gained 93% in the last year and now trades at a record high with a market cap of nearly $360 million. Fine family and other insiders own nearly 30% of shares .
LendingTree (TREE) 6% $259.15 — Charlotte-based online marketplace is crushing the shorts. A year ago this week, it was trading for about $90.
Premier (BNFT) 5.9% $34.50 — Charlotte-based medical purchasing and information company has risen 9% in the last year.
Primo Water (PRMW) (-8%) $10.90 — Shares have declined 8% in the last year. Four of five analysts remain bullish on the Winston-Salem-based company.
Hanesbrands (HBI) (-3.6%) $23.75 — Winston-Salem-based apparel maker is off 8% in the last year.
Benefitfocus (BNFT) (-32.5%) $11.71 — Charleston, S.C.-based cloud-benefits administrator has declined 22% in the last year.