Wednesday, June 12, 2024

Seven Carolinas stocks plunge 10% in the last week

It was a crazy week for several Carolinas stocks, with seven sliding more than 10%, including Sonic Automotive, Triangle Capital and CommScope. But a grand slam for Denny’s, the best performer in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Aug. 4. The index includes companies with shares trading for at least $10.

Here are the biggest gainers:

Denny’s  (DENN) — 7.1% — $12.21 – Pride of Spartanburg, S.C., soared after reporting an $8.7 million profit in recent quarter, compared with a loss last year.

LendingTree (TREE) — 5.6% — $229.25 – The online marketplace stock’s move is amazing: Shares have gained 108% over the last year. Market value is $2.75 billion for company, which has reported net profit of about $28 million over last four quarters.

Hanesbrands (HBI) — 4.4% — $24.29 Apparel company reported a profit of $172.5 million in the second quarter. Revenue is expected to top $6.4 billion this year.

Biggest decliners:

Benefitfocus (BNFT)  (-24.8%) $27.50 — Slower sales growth at the Charleston, S.C.-based company caused investors to run. Reported a $4.5 million net loss in the quarter.

3D Systems (DDD) (-20.3%) $13.47  — Disappointing earnings scared investors. Shares of the Rock Hill, S.C.-based company have declined 9% over the last year.

Triangle Capital (TCAP) (-15.7%) — $14.63  — Raleigh-based business-development company’s shares sunk after reporting second-quarter operating income of 41 cents per share, below its current dividend of 45 cents.

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

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