Saturday, June 25, 2022

The six Carolinas stocks that gained 10% in December

December was a strong month for Carolinas’ stocks, provided you didn’t own Cempra, the Durham-based drug discovery firm that sank 63% amid mounting evidence that its touted antibiotic will not be a pandemic-stopping blockbuster. Fifty-six stocks reported gains, while 19 declined.

These were the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of the 75 largest public companies in December. (We exclude the movements of stocks trading for less than $10, including Cempra, which closed at $2.80.)

World Acceptance (WRLD)  15% – Shares of the Greenville, S.C.-based consumer-finance company have more than doubled since September 2015. At $64, shares trade below 2013 high of $107.

Culp  (CFI)  15% – Making ticking material for mattresses and chairs is a good business in a strong housing market. Shares have increased fivefold in the last decade.

Coke Consolidated (COKE)  14% – After more than doubling in 2015, the giant Charlotte-based bottler treaded water last year, declining 2%.

Three other companies gained more than 10% in December: Park Sterling Bank (PSTB), EnPro Industries (NPO) and HomeTrust Bancshares (HTBI).

The weakest performers:

Red Hat (RHT) (-8%) – Open-source software maker based in Raleigh was hit by slower-than-expected sales to government clients and the departure of CFO Frank Calderoni.

Insteel Industries (IIIN)  (-6%) – Profit taking occurred at the Mt. Airy-based industrial wire maker, which soared 76% in 2016.

HanesBrands (HBI) (-6%) – The Winston-Salem apparel company has lost a third of its value since peaking in March 2015, a victim of a fickle fashion market. But rival Under Armour (UA) hasn’t done any better.

Novant wants to take on Mission/HCA

State Treasurer Dale Folwell lowered the boom against the state’s hospital industry again Tuesday, criticizing them for making too much money and not offering enough charity care. He issued a detailed report on the finances...

Election experts’ $200,000 bill irks some N.C. lawmakers

The latest battle in the redistricting lawsuit is over who should pay the roughly $200,000 bill from the special masters who redrew congressional maps at the court’s request. The advocacy groups that filed the initial...

First Bank parent buying South Carolina bank for $181M

First Bancorp pushes deeper into South Carolina
house neighborhood

Realtor leaders expect slower, but still vital housing market

We are in a strange real estate market, those of us who live in metropolitan areas. Prices have been going up, homes have been getting multiple offers and they haven’t stayed on the market...
Truck toll system, german highway - control gantry, some minor motion blurring

Is tolling ahead for Charlotte’s South I-77?

Someone wants to add toll lanes to the often-congested stretch of Interstate 77 between center-city Charlotte and the South Carolina state line. But that party doesn’t want its name in the public yet. So...
David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at

Related Articles