Post-hurricane building prospects boosts Jeld-Wen, Lowe’s
G1 Therapeutics is on fire, with investors obviously excited about the company’s anti-cancer drugs, soaring more than 30% last week. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Sept. 8. The index includes companies with shares trading for at least $10.
The biggest gainers:
G1 Therapeutics (GTHX) 31.1% $26.51 — Durham-based developer of anti-cancer drugs has more than doubled in the last month. The company went public at $15 in May.
Jeld-Wen (JELD) 7.6% $33.31 — Rebuilding after Hurricanes Harvey and Irma should boost sales of the Charlotte-based company’s windows and doors. Shares have gained 28% in the last year.
Lowe’s Cos. (LOW) 5.2% $78.56 — Mooresville-based retailer should benefit from a surge in rebuilding after the Texas and Florida natural disasters. Shares have gained 9.5% over the last year.
INC Research (INCR) (-5.9%) $55.55 — Raleigh-based contract-research organization traded at record $60.55 in June and has gained 29% in the last year.
Brighthouse Financial (BHF) (-5.1%) $54.54 — Charlotte-based seller of life insurance and annuities was spun off by MetLife in August. It has traded down since closing at $62.75 on its first day of trading, hurt by fears of lower interest rates that will squeeze margins.
BB&T (BBT) (-5%) $43.97 — Like Brighthouse and other financial stocks, BB&T was hit by concerns over lower interest rates. The Winston-Salem-based bank has gained 15% over the last year.