Global Fastener News

FEATURE
FINdex Rebounds in Opening Quarter of 2016

The FIN Fastener Stock Index rebounded in the opening quarter of 2016, despite an uneven performance by some of the biggest names in the industry.

The FINdex rose 8% in Q1, compared to a .05% gain by a comparative index of related industrial stocks.

Seven of the twenty publicly traded companies with fastener holdings tracked by the FINdex saw share declines during Q1.

U.S. stocks closed lower in 2015, capping the worst year for the market since 2008. Industrial and aerospace fastener stocks took their share of market losses, with the FIN Fastener Stock Index falling 15.9% for the year. A comparative index of related industrial stocks declined 1% during 2015.

Only two of the twenty public companies tracked by the FINdex made stock gains during 2015. Stanley Black & Decker shares climbed 11%, while shares of Tree Island Steel jumped 135%.

FIN Subscribers can read the full article by clicking here. 

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