By Kent Larsen
Myriad Genetics' Cancer Drug Purchase Lifts MSI
NEW YORK, NEW YORK -- Myriad Genetics' purchase of the rights to a
potential cancer drug pushed its stock price up more than 35% for the
week, contributing the most to a rise in the Mormon Stock Index for
the week. Along with the broader NASDAQ's more than 10% rise, the MSI
rose 5.5%, also helped by strong performances from Micrel
Semiconductor, which rose nearly 40% and Corvis, which rose 26%.
Among down stocks, sunglass manufacturer Oakley, Inc. was off more
than 20% after it confirmed that it will meet analyst expectations,
rather than the higher numbers hoped for among investors. EarthShell
was also down, again switching directions in what may be the most
volatile stock in the index. Power company AES Corp. was also down,
falling 6.65%, but the company has had good news since last week, as
it was able to restart parts of California power plants shuttered for
environmental concerns.
Hollywood Entertainment was the biggest mover for the week, gaining
more than 50%, all of what it lost last week and then some.The
troubled chain of video stores made a large payment on its debt,
satisfying a major loan covenant and in the process satisfying
investors that it is sound.
Mormon Stock Index | | | 115.8667 | up 6.0533 |
Company | Symbol | LDS Executive | Closing Price | Change |
AES Corp. | AES | Roger W. Sant, Chairman | 48.2500 | down 3.4375 |
Black &Decker | BDK | Nolan D. Archbald, CEO | 35.3125 | down 1.5000 |
Caldera Systems | CALD | Ransom H. Love, CEO | 2.2812 | up 0.2812 |
Corvis Corporation | CORV | David Huber, CEO | 40.7500 | up 8.4375 |
1-800-Contacts | CTAC | Jonathan C. Coon, President &CEO | 30.7500 | up 3.1250 |
Dell Computer | DELL | Kevin B. Rollins, Vice Chairman | 18.5625 | up 0.1250 |
EarthShell | ERTH | Simon K. Hodson, CEO | 2.2500 | down 0.5625 |
Franklin Covey | FC | Stephen R. Covey, Chairman | 8.1875 | up 0.1250 |
Fonix | FONX | Steve Studdert, Chairman | 0.5000 | up 0.0312 |
Hollywood Entertainment | HLYW | Mark J. Wattles, CEO | 1.5312 | up 0.5312 |
Host Marriott | HMT | Richard Marriott, Chairman | 11.8750 | up 0.3750 |
I-Link | ILNK | John Edwards, Chairman & CEO | 1.5625 | down 0.1875 |
Iomega | IOM | David J. Dunn, Chairman | 4.4800 | down 0.5200 |
Marriott International | MAR | J.W. Marriott, Jr., Chairman | 42.2500 | up 0.3750 |
Micrel Semiconductors | MCRL | Ray Zinn, Chairman and CEO | 43.6250 | up 12.4375 |
Myriad Genetics | MYGN | Christopher L. Wight, VP, General Counsel | 108.7500 | up 28.6250 |
Novell | NOVL | Stewart Nelson, COO | 6.5312 | up 0.8750 |
NuSkin | NUS | Most of Management is LDS, including Chairman and CEO | 5.0000 | up 0.5000 |
Oakley, Inc. | OO | Jim Jannard, Chairman &CEO | 15.0000 | down 3.9375 |
Ryder Systems | R | Tony Burns, Chairman | 17.0000 | down 1.9375 |
Cornerstone REIT | TCR | Glade M. Knight, Chairman &CEO | 10.9375 | up 0.1875 |
Ten Fold | TENF | Gary Kennedy, President and CEO | 1.2500 | down 0.6250 |
Zions Bancorp | ZION | Harris Simmons, Chairman | 30.7500 | up 5.1250 |
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