Eagle & Beagle: Oklahoma's top and bottom stock of the week
Eagle & Beagle
Is 2013 the year of the bull? Based on early returns, it appears that way on Wall Street.
Major stock indexes closed Friday with their third straight week of gains, pushing the Dow and S&P 500 to levels not seen since the pre-Great Recession days of 2007.
Oklahoma's biggest beneficiary of the bulls last week was ADDvantage Technologies, which didn't trade often, but did trade up.
AEY shares gained 8.7 percent to close Friday at $2.28 a share, about two bits less than its 52-week high.
The Broken Arrow company, which specializes sales and distribution of cable TV hardware and electronics, has a long record of profitability.
This beagle's been down so long, we wonder if it'll ever get back up.
Our worst-performing state-based stock fell just 4 cents last week. For modestly priced Syntroleum Corp. shares, that was a 10.7 percent decline. SYNM closed Friday at 39 cents, just a few cents over its 52-week low set Christmas week.
Shares of the Tulsa-based synthetic fuel company slipped below $1 last spring, and haven't found anything to refuel earlier rallies.
Optimism was strong when the firm joined with Tyson to build a synfuels plant to convert animal grease to fuel. But those hopeful days seem long ago.
In the next few months, Syntroleum may need a reverse split of its stock to artificially boost the stock price above $1 to avoid being delisted.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) by Business Editor Don Mecoy.