It was a terrible week for Raleigh-based contract research organization INC Research/inVentiv Health, which lost more than $1 billion of market value. The big winner was Primo Water, which jumped 14% aided by hurricane-related sales.. Here are the major movers in the Capital Investment Cos./Nottingham Index of Carolinas-based public companies for the week ended Nov. 1o. The index includes companies with shares trading for at least $10.
The biggest gainers:
Primo Water (PRMW) 14% $12.59 — Stronger demand in hurricane-effected areas helped drive profits higher at the Winston-Salem-based bottled-water company. Sales more than doubled due to its purchase of Glacier Water Services Inc.
Tanger Factory Outlets (SKT) 8% $24.27 — The Greensboro-based company’s two newly opened malls in Pennsylvania and Texasopened with 93% of the space leased, topping expectations. That was among the highlights of an earnings report that pleased investors.
Qorvo (QVRO) 8% $79.57—Greensboro-based chipmaker, which supplies Apple’s iPhone, now has a market capitalization of $10 billion and is trading its highest level in two-and-a-half years.