The overall stock market continues to show gains, but it was a terrible week for several Carolinas-based stocks. Eight posted declines of 8% or more, including three with 20% collapses. The big winner was Alliance One International, which jumped 27%. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Nov. 3. The index includes companies with shares trading for at least $10.
The biggest gainers:
Alliance One International (AOI) 27% $13.65 — Morrisville -based tobacco wholesaler reported a quarterly profit following a loss in the same period last year. Its shares still trade well below its high this year of $19.50.
G1 Therapeutics (GTHX) 7% $23.40 — Durham-based cancer-drug researcher has been a strong performer since its IPO earlier this year. Much of its inital research occurred at UNC Chapel Hill.
CommScope (COMM) 5.7% $33.51 —Hickory-based telecom equipment maker reported better-than-expected earnings. Shares have gained 4% over the last 52 weeks.
Biggest decliners:
3D Systems (DDD) (-22%) $8.99— Rock Hill, S.C.-based 3D printing company missed its earnings expectations “by a country mile,” according to Barron’s. It announced a major management shakeup. Shares traded at $23.70 earlier this year.
Triangle Capital (TCAP) (-21%) $9.82 — Raleigh-based business lender missed its earnings estimate and slashed its quarterly dividend by 33%. Shares now trade a third below book value.
ChannelAdvisor (ECOM) (-20%) $8.85 —Morrisville-based e-commerce company reported disappointing earnings and said it expects operating earnings of as much as $5 million next year, down from a previous maximum target of $7 million.
