Markets tumble but this Birmingham stock had a major gain

Markets tumble but this Birmingham stock had a major gain

Wall Street and companies throughout our Birmingham and Alabama Stock Report were left seeing red at the close of markets Wednesday. Five companies saw losses of 3% or greater. Still, one Birmingham stock bucked the downward trend with a significant gain.

Louisiana-Pacific Corp. took the biggest hit, dropping nearly $9, or 11.8%. Founded in 1972, the Nashville-based company operates more than 20 manufacturing facilities across North and South America, including two in Alabama – one in Hanceville and one in Thomasville. Both Alabama sites make oriented strand board.

Johnson Controls plummeted 9.3%. It offers the world’s largest portfolio of building technology, software and services. It has facilities throughout Alabama, including Huntsville, Birmingham and Mobile.

Other decliners included Community Health Systems (5.9%), U.S. Steel (4.8%) and Warrior Met Coal (3.3%).

Encompass Health Corp. was the biggest winner on the day, gaining a gawdy 5.1%. Headquartered in Birmingham, it is the nation’s largest system of rehabilitation hospitals. It has seven hospitals across Alabama: Huntsville, Gadsden, Birmingham, Pelham, Montgomery, Phenix City and Dothan.

Wall Street tumbled to its worst drop in months on Wednesday as its torrid rally that critics called overdone lost more momentum.