ChannelAdvisor, G1 Therapeutics gained 17% last week
Bottom fishing may be the story at ChannelAdvisor and Sonic Automotive, which shot up last week after trading at their lowest points in the last year. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Sept. 1. The index includes companies with shares trading for at least $10.
The biggest gainers:
ChannelAdvisor (ECOM) 17.3% $11.55 — Morrisville-based e-commerce company rebounded from a near record low, aided by an upgrade from advisory firm First Analysis. Started in 2001, the company went public in 2013 when its first closing price was $18.69.
G1 Therapeutics (GTHX) 17.2% $20.22 — Durham-based developer of anti-cancer drugs followed up with another strong week after soaring more than 37% in the previous two weeks. The company went public at $15 in May.
Sonic Automotive (SAH) 10.4% $18.60 — Charlotte-based auto dealership group gained after reporting quarterly operating earnings of $17.9 million. Shares had been trading at a 52-week low. The company said it expects greater losses as it expands its Echo Park used-car dealership business more aggressively.
Alliance One International (AOI) (-10%) $10.35 — Morrisville-based tobacco leaf merchant has declined 52% in the last year, including 23% in the last month. AOI expects pretax income of more than $165 million and revenue of $1.9 billion this year.
Ingles Markets (IMKTA) (-8.7%) $22.15 — Black Mountain-based grocer has lost a quarter of its market value in the last month amid fears of price wars sparked by Amazon’s purchase of Whole Foods and expansions by discounters Lidl and Aldi.
North State Telecommunications (NORSA) (-5.7%) $64 — Shares of the family owned, High Point-based telecom rarely trade. Over the last year, the price has ranged from $54 to $72.50