This week’s stock performers: The best and the worst locally
12 October 2012
Biggest gainer: American Pacific Corp.
During a week that saw the Standard & Poor’s 500 Index fall 2.2 percent, just a few local stocks posted gains including Wynn Resorts Ltd., which was up 2 cents from its Oct. 5 close; and Allegiant Travel Co., up 1.9 percent. The biggest gainer was chemical maker American Pacific Corp., which closed the week at $12.42, up 2 percent. Analyst commentary on the company this week focused on insiders buying more stock. In the quarter ended June 30, American Pacific posted revenue of $57.6 million, up from $41.8 million in the year-ago quarter. It earned $4.7 million or 61 cents per share, a turnaround from the 2011 quarter when it lost $6.2 million or 82 cents per share.
Biggest loser: Galaxy Gaming Inc.
The penny stock company's shares fell 7 cents to 18 cents per share, a decline of 28 percent. Galaxy Gaming Inc., a casino supplier, was sued by Bank of America over allegations it was involved in a "fraudulent transfer" of assets from predecessor company Galaxy Gaming LLC.
Galaxy Gaming hasn't commented on those allegations. It did disclose Friday that Richard Baldwin had resigned as an independent director of the company effective Oct. 8. Galaxy noted that Baldwin had accepted a position with Union Gaming Group as the managing director for the firm’s analytics business and elected to resign from the Galaxy Gaming board to avoid any potential conflicts of interest in this new role.
Join the Discussion:
- It’s back! New Wet ‘n’ Wild wins over frolickers thirsty for Vegas water park
- UNLV to face Arizona at home after deal falls apart to move football game
- Deadline strikes: A look at major legislation that made, missed cut
- New Firefly location welcomes customers, begins task of regaining their trust
- Stunned friends, family help lay to rest young victim in iPad slaying
- Lake Las Vegas, long viewed as a bust, is rebounding
- What the Firefly outbreak means for the restaurant's future and the alleged victims' pocketbooks
- Cowabummer: The planned Memorial Day opening of Henderson's Cowabunga Bay Water Park is delayed
- Report: Las Vegas among top spots to ‘flip’ homes
- Board tells Las Vegas table game maker: Stay out of California
Will online gaming hurt brick-and-mortar casinos?