Week in Carolinas stocks: ScanSource gains 10%, Martin Marietta sheds 6%
Ingles Markets’ shares, which have been pounded over the last year over worries of stiffer competition, gained 7.5% last week. It wasn’t enough to rank among the top three performers among Carolinas-based stocks, but a good showing for the Black Mountain-based supermarket retailer in any case. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Sept. 15. The index includes companies with shares trading for at least $10.
The biggest gainers:
ScanSource (SCSC) 10.4% $40.35 — Greenville, S.C.-based tech company named Betty Temple to its seven-member board, which had been all male. She is CEO of the Womble Carlyle Sandridge & Rice law firm, which has deep North Carolina roots. She is based in Greenville. ScanSource, which was formed in 1992 and has more than 2,100 employees, has gained 16% over the last year.
Alliance One International (AOI) 9% $10.90 — A bounce back for the Morrisville-based leaf tobacco distributor, whose shares have declined 50% in the last year.
SPX Flow Inc. (FLOW) 8.1% $36.32 — Charlotte-based industrial products company has gained 31% over the last year.
Martin Marietta Materials (MLM) (-6%) $199.20 — Raleigh-based aggregates company was supposed to benefit from infrastructure spending promised by President Trump. With prospects dimming, shares have declined 18% since peaking in January.
PRA Health Sciences (PRAH) (-3.9%) $74 — Raleigh-based clinical trials company has gained 37% in the last year. It went public in November 2014 at $18.
Speedway Motorsports (TRK) (-3.4%) $20.49 — Charlotte-based auto-racing company has bid to operate Fairgrounds Speedway in Nashville, Tenn. Shares have gained 18% in the last year.