FIN Fastener Stock Index Gains 5.8% in Q1
April 08
00:00
2005
FIN Fastener Stock Index Gains 5.8% in Q1
Jason Sandefur
The FIN Fastener Stock Index outpaced the competition in the first quarter of 2005, improving 5.8%. An index of related stocks declined 2.3% during the first quarter.
Aviall saw the largest gain in the quarter, with its stock price gaining 21.9%. Other fastener firms gaining at least 10% in share value included Precision Castparts, Chicago Rivet, Nucor and Paulin.
Nearly half of the publicly traded companies tracked by the FINdex saw their share value drop during the period. Fastener companies losing at least 10% of share value included Fastenal, Park-Ohio Holdings Corp. and Black & Decker. �2005 FastenerNews.com
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