Mobile stock report full of gainers
A building materials manufacturer with a pair of locations in Alabama led the gainers Monday on a mostly positive day on our Mobile and Alabama Stock Report.
Louisiana-Pacific gained 4.1%, or $2.15, to close at $54.57 a share.
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. It is made when wood strands blended with thermal-set water-resistant adhesives are arranged in cross-directional layers and formed under extreme pressure, creating a stiff, strong and durable panel.
ArcelorMittal picked up 2.4%, while Computer Programs and Systems gained 2%.
Enviva fell nearly 3%.
Overall, U.S. stocks rallied Monday as some of last week’s moves in financial markets driven by worries about war in the Middle East unwound.