HCN Index limps into the weekend
The HCN Stock Index declined 4.68 percent on Friday to finish the week at 646.58. Since Monday, the index has steadily deteriorated, shedding 14.2 percent in four straight days of downward movement.
Also on Friday, the Dow Jones Industrial Average declined 3.59 percent, dropping 312.3 points to finish at 8,378.95.
Among the 20 home channel companies on the HCN index, BMHC suffered the highest percent decline on Friday – 40.9 percent. It finished the day at $0.42, after announcing the day before that it would no longer be traded on the New York Stock Exchange. Other big decliners were BlueLinx, down 9.1 percent; Fastenal, down 8.0 percent; and Builders FirstSource, down 7.74 percent.
Shares of Louisiana Pacific rose 20 cents to $3.48, a 6.1 percent gain.