It was meager pickings in this week’s search for an eagle.
Just a half-dozen state-based stocks grew in value over the past five trading days, with a couple of those adding only a fraction of 1 percent.
Our top performer, Tulsa-based Alliance Holdings GP recovered from a brief Tuesday swoon (on very light volume) to post a nearly 4 percent gain for the week. AHGP shares closed Friday at $66.87, less than $3 from the issue’s 52-week high.
The coal industry issue received positive press last week from Zack’s, which noted that analysts who follow the stock have been raising their earnings estimates for the firm.
A 4-percent gain may not be spectacular, but in a room full of losers, even a minor winner deserves a pat on the back.
Despite the broad losses among Oklahoma stocks, there were no crash-and-burn scenarios.
Our young beagle only recently went public. Paycom Software Inc. is an Oklahoma City-based firm that, among other things, handles online payroll for other companies.
PAYC shares slipped 11.2 percent last week to close Friday at $13.03, just a couple of cents off its low set a month ago. Keep in mind, the stock has been trading for only three months.
Although the decline is depressing for shareholders, it’s not unusual to see some volatility for new issues. If you like the local company’s prospects, this may be the dip you’ve been waiting for.
Paycom certainly has been adding employees and offices across the country at an impressive pace.
I don’t know whether I should frame this as a disclosure or an endorsement, but my company uses Paycom, and I get paid on time.
Eagle & Beagle is a weekly look at the state’s high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.