It was a tough week in Mount Airy, where Insteel shares plummeted after its quarterly profit declined 49% from a year earlier. But things are looking up in Dunn: Select Bancorp was a star performer after buying a small Charlotte peer.
These were the best performers included in the Capital Investment Cos./Nottingham Index of public companies for the week ended July 21 among Carolinas-based companies with shares trading for at least $10.
Speedway Motorsports (TRK ) 6.5% $18.55 — Amid much talk about the Smith family’s possible soccer investment, their Charlotte-based auto racing track owner picked up the pace. It now trades at virtually same level as a year earlier. The Smiths’ 70% share is worth about $530 million.
Select Bancorp (SLCT) — 5.1% -$12.47 — Bank based in Harnett County offered $40 million for Charlotte-based Carolina Premier Bank. If approved, combined company would have more than $1 billion in assets. Select shares have soared 58% this year.
Lending Tree (TREE) — 4.8% -$ 181.93 The Charlotte-based online marketplace company is red-hot, having soared 87% in the last year. It is reporting earnings on Thursday. All nine analysts tracking company have buy recommendations — a contrarian sign?
Biggest decliners:
Insteel (IIIN) -21.6% $26.30 — Mount Airy-based wire maker blamed rainy weather in northern U.S. and sluggish spending for public infrastructure projects for weak earnings. Stock has declined by more than a third since November. Where’s that infrastructure plan, President Trump?
3D Systems (DDD) -5.1% — $17.61 – Rock Hill, S.C.-based 3D printer maker is among region’s most volatile stocks. Shares have traded between $6 and $97 in last five years.
ChannelAdvisor (ECOM) — -4.4% — $10.80 – Didn’t know Morrisville-based e-commerce company has offices in England, Ireland, Germany and Spain. Shares have traded between $10 and $15 for last two-and-a-half years.
