FIN Fastener Stock Index Drops in Q2
FIN Fastener Stock Index Drops in Q2
Jason Sandefur
Fastener stocks saw a slight decline during the second quarter of 2006, with the FIN Fastener Stock Index dropping 1.6%. An index of related stocks finished the quarter unchanged, marking a muted performance by many industrial companies.
The FINdex, which has been tracking fastener stocks since 1993, found that Aviall recorded the largest share growth during Q2, gaining 25% to $47.52. Chicago Rivet also did well, with its share price increasing 16.7% to $23.
Other fastener firms reporting stock value increases include R&B, Alcoa, Danaher and Precision Castparts.
However, the majority of publicly held companies that produce or distribute fasteners saw a declining stock performance during Q2. �2006 FastenerNews.com
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