Midstate stock report: 8 companies up 40 percent or more this year
Four public companies with headquarters or sizable operations in the midstate yielded stock returns for their owners of at least 50 percent during the last year.
Eight local stocks cracked 40 percent or better since Aug. 20, 2013, according to adjusted closing prices from Yahoo Finance.
Topping the list was East Pennsboro Township-based Rite Aid Corp., which has lost some momentum recently after hovering above $8 per share. Shares of the drugstore chain closed at $6.43 on Wednesday, which was up 85 percent over the year.
Select Medical Holdings Corp.,the Lower Allen Township-based acute care hospital provider, has seen its adjusted stock price rise 69 percent over the year, closing at $13.96 on Wednesday.
ArcBest Corp., the parent company of ABF Freight, and Arkansas-based Windstream Holdings Inc., which purchased former Ephrata-based D&E Communications in 2009, were both up 56 percent for the year. ArcBest stock closed at $36.34, while Windstream closed at $11.25.
Virginia-based railroad giant Norfolk Southern Corp.,which has significant operations in the Harrisburg area, saw its adjusted stock price climb 49 percent during the year. Coming off a record $3 billion in second-quarter railway operating revenue, Norfolk Southern stock closed Wednesday at $106.36.
Shares of Knight Transportation, which has a trucking terminal in Cumberland County, closed at $24.22 on Wednesday. That was up 48 percent for the year.
YRC Worldwide Inc. was up 47 percent with an adjusted closing stock price of $22.60. Lebanon-based New Penn Motor Express Inc. is a regional trucking subsidiary of YRC. The parent company also operates a large warehousing facility in Cumberland County.
Mid Penn Bancorp Inc. of Millersburg, the holding company of Mid Penn Bank, is having the best year in local banking. Shares were up 40 percent with an adjusted closing price of $15.94 on Wednesday.