81.1 F
San Fernando
Tuesday, May 30, 2023


Stocks of the Valley 50 edged higher, buoyed by the updraft of a broader market rally during the two-week period ended Nov. 6. A crop of better-than-expected quarterly reports pushed the market higher. The best-performing stock on the Valley 50 was United Online, which rose 93 percent in conjunction with its spinoff of floral and gift website FTD.com on Nov. 1, and in response to a quarterly filing that disclosed higher free cash flow. Cheesecake Factory gained 13 percent after reporting strong quarterly results. The biggest loser was Ixia, falling 16 percent after its chief executive was discovered to have falsified his resume.

Featured Articles

Related Articles