Tuesday, March 21, 2023

Week in Carolinas stocks: ScanSource gains 10%, Martin Marietta sheds 6%

Ingles Markets’ shares, which have been pounded over the last year over worries of stiffer competition, gained 7.5% last week. It wasn’t enough to rank among the top three performers among Carolinas-based stocks, but a good showing for the Black Mountain-based supermarket retailer in any case. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Sept. 15. The index includes companies with shares trading for at least $10.

The biggest gainers:

ScanSource  (SCSC)  10.4%   $40.35 — Greenville, S.C.-based tech company named Betty Temple to its seven-member board, which had been all male. She is CEO of the Womble Carlyle Sandridge & Rice law firm, which has deep North Carolina roots. She is based in Greenville. ScanSource, which was formed in 1992 and has more than 2,100 employees, has gained 16% over the last year.

Alliance One International  (AOI)  9%   $10.90 — A bounce back for the Morrisville-based leaf tobacco distributor, whose shares have declined 50% in the last year.

SPX Flow Inc.  (FLOW)   8.1%   $36.32 — Charlotte-based industrial products company has gained 31% over the last year.

Biggest decliners:

Martin Marietta Materials (MLM) (-6%)  $199.20 — Raleigh-based aggregates company was supposed to benefit from infrastructure spending promised by President Trump. With prospects dimming, shares have declined 18% since peaking in January.

PRA Health Sciences (PRAH)  (-3.9%)  $74 — Raleigh-based clinical trials company has gained 37% in the last year. It went public in November 2014 at $18.

Speedway Motorsports  (TRK)  (-3.4%)  $20.49 — Charlotte-based auto-racing company has bid to operate Fairgrounds Speedway in Nashville, Tenn. Shares have gained 18% in the last year.

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

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