Sunday, June 16, 2024

PRA logs 11% gain; Sealed Air sags 5%


These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended March 31. Shares trading for less than $10 aren’t included.

PRA Health Sciences (PRAH) 10.5% – Raleigh-based clinical-trials company reaches record high and has gained 53% in the last year.

Enpro Industries (NPO) 8.8% – Charlotte-based industrial products maker is trading at 52-week high and has gained 21% in the last year.

Premier (PINC) 5.9% – Bank of America analysts raised their rating of the Charlotte-based health-information and purchasing company to “buy” from “underperform.” Earnings beat forecasts by a penny per share in the most recent quarter.

The weakest performers:

Sealed Air (SEE)  (-4.8%) – Charlotte-based Bubble Wrap maker sold its Diversey unit for net proceeds of $2.5 billion, disappointing investors who had expected $3 billion to $4 billion. Analysts generally have reduced earning estimates in the last two months, Zachs Ratings says.

Nucor  (NUE)  (-1.9%)– The largest U.S. steel producer has gained 27% in the last year.

Scana (SCG)  – (-1.7%)– South Carolina’s largest utility faces losses related to the bankruptcy of Westinghouse Electric, which is building a nuclear plant for Scana and partner Santee Cooper in Jenkinsville, 30 miles northwest of Columbia. Scana said abandoning the project is a possibility.

David Mildenberg
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

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