Despite Large Gains, Overall FINdex Declines
FEATURES
The FIN Fastener Stock Index declined 7.1% in the third quarter of 2014, compared to a .4% gain by an index of related industrial stocks.
The Q3 loss follows a modest 2.9% FINdex increase in the first half of the year.
Only five of the 20 public companies tracked by the FINdex gained share value during the third quarter.
Most of the FINdex losses and gains moderated in the first nine months of 2014, with the FINdex dropping 4.4%. Eight of the 20 public companies tracked by the FINdex gained share value during first nine months of the year.
The FINdex gained 33.3% in 2013, compared to a 27.1% increase by other indices.
FIN subscribers can click here for the full story.
Related Stories:
• U.S. Fastener Numbers Show Rising Demand
• TriMas Acquiring Allfast Fastening Systems
There are no comments at the moment, do you want to add one?
Write a comment