This stock with Birmingham ties has the biggest drop
Only five stocks on our Birmingham and Alabama Stock Report closed out the week Friday with a gain.
Southern States Bancshares led the way with a 3.6% increase. Headquartered in Anniston, it is a bank holding company that operates primarily through its wholly owned subsidiary, Southern States Bank. The bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals. The bank operates eight branches in Alabama (Anniston, Auburn, Birmingham, Huntsville, Opelika, Roanoke, Sylacauga and Wedowee) and five in Georgia, along with a loan production office in Atlanta.
Nucor, the largest steel producer in the United States, led the decliners with a 6.1% drop. The Charlotte-based company has several operations sites in Alabama, including Birmingham and Hoover.
Overall, Wall Street capped a choppy week of trading with a broad slide for stocks Friday, giving the S&P 500 its second losing week in a row.
The benchmark index fell 1.2%, its first loss in three days. The Dow Jones Industrial Average dropped 0.8% and the Nasdaq composite gave back 1.6%.
Are we missing a publicly traded local or state company that should be on this list? Please pass along your suggestions to Lede producer Brent Conklin at [email protected].