These 56 North Carolina Corps had their average stock prices increase by an impressive 210% from January 16, 2009 to August 29, 2013. This 210% increase is 2.3 times the 93% increase in the S&P 500 Index over the same time span.
The 41 Non-Financial Corps did even better, generating an average stock price increase of 275% so far during the Obama Administration.
The stock price underperformance of North Carolina Financial Corps is something that is prevalent all throughout the US, except for New York City.
Probably more than anyone, North Carolina US Senator Kay Hagan has been instrumental in the outperformance of North Carolina Non-Financial Corps during her Senate tenure, which has run concurrently with President Obama's terms. And US House members Mel Watt, David Price, Mike McIntyre and GK Butterfield have also worked hard and very effectively to bolster all North Carolina businesses of all sizes.
Below here are the common stock market closing prices of each of these 56 North Carolina Corps at both the most recent date (August 29, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:
Market | Market | Percentage | ||
North Carolina | Price | Price | Increase | |
HQs | 8-29-13 | 1-16-09 | (Decrease) | |
Companies Headquartered in North Carolina | ||||
Non-Financial Corps | ||||
Xerium Technologies | Raleigh | $11.55 | $0.68 | 1599% |
Krispy Kreme Doughnuts | Winston Salem | $23.23 | $1.56 | 1389% |
Culp | High Point | $19.36 | $1.70 | 1039% |
Unifi | Greensboro | $23.04 | $2.22 | 938% |
Salix Pharmaceuticals | Raleigh | $68.19 | $8.50 | 702% |
Sonic Automotive | Charlotte | $22.23 | $2.81 | 691% |
International Textile Group | Greensboro | $0.23 | $0.03 | 680% |
Polypore International | Charlotte | $43.35 | $7.24 | 499% |
Hanesbrands | Winston-Salem | $61.30 | $11.54 | 431% |
Cornerstone Therapeutics | Cary | $9.54 | $2.10 | 354% |
RF Micro Devices | Greensboro | $5.10 | $1.15 | 343% |
Old Dominion Freight | Thomasville | $43.88 | $10.02 | 338% |
Red Hat | Raleigh | $50.85 | $14.82 | 243% |
Carlisle | Charlotte | $67.30 | $19.94 | 238% |
VF Corp | Greensboro | $186.86 | $56.13 | 233% |
Cree | Durham | $56.76 | $17.93 | 217% |
EnPro Industries | Charlotte | $57.54 | $19.80 | 191% |
Family Dollar Stores | Charlotte | $71.50 | $28.40 | 152% |
Reynolds American | Winston-Salem | $47.80 | $20.36 | 135% |
Lowes | Mooresville | $46.42 | $21.04 | 121% |
Lorillard | Greensboro | $42.43 | $19.99 | 112% |
Targacept | Winston Salem | $5.15 | $2.43 | 112% |
Tanger Factory Outlet Centers | Greensboro | $31.06 | $15.35 | 102% |
CATO | Charlotte | $25.70 | $13.99 | 84% |
SPX | Charlotte | $74.13 | $40.84 | 82% |
Insteel Industries | Mount Airy | $16.77 | $9.73 | 72% |
Harris Teeter Supermarkets | Matthews | $49.19 | $28.64 | 72% |
Ingles Markets | Asheville | $25.01 | $15.62 | 60% |
Biodelivery Sciences International | Raleigh | $5.02 | $3.14 | 60% |
Laboratory Corp America | Burlington | $95.88 | $60.80 | 58% |
Coca Cola Bottling | Charlotte | $63.72 | $44.77 | 42% |
Snyders-Lance | Charlotte | $27.03 | $20.51 | 32% |
Alliance One International | Morrisville | $2.88 | $2.51 | 15% |
Speedway Motorsports | Concord | $17.97 | $16.07 | 12% |
Nucor | Charlotte | $45.72 | $42.10 | 9% |
Martin Marietta Materials | Raleigh | $95.29 | $88.79 | 7% |
Pozen | Chapel Hill | $5.19 | $5.04 | 3% |
Pike Electric | Mount Airy | $11.22 | $11.55 | -3% |
Pantry | Cary | $11.60 | $19.31 | -40% |
Baxano Surgical | Wilmington | $1.80 | $6.16 | -71% |
Lime Energy | Huntersville | $0.58 | $4.56 | -87% |
Average Increase: all 41 Non-Financial Corps | 275% | |||
Financial Corps | ||||
Tree.com | Charlotte | $24.93 | $4.60 | 442% |
Newbridge Bancorp | Lexington | $7.36 | $2.90 | 154% |
Bank of America | Charlotte | $14.17 | $7.18 | 97% |
BNC Bancorp | High Point | $13.11 | $7.05 | 86% |
BB&T | Winston-Salem | $34.26 | $20.83 | 64% |
First Citizens Bancshares | Raleigh | $205.43 | $139.13 | 48% |
Highwoods Properties | Raleigh | $34.48 | $23.81 | 45% |
Yadkin Financial | Elkin | $14.94 | $11.77 | 27% |
First Bancorp | Troy | $14.67 | $15.64 | -6% |
First South Bancorp | Washington | $6.25 | $11.87 | -47% |
Triad Guaranty | Winston-Salem | $0.19 | $0.42 | -56% |
Four Oaks Fincorp | Four Oaks | $1.46 | $8.20 | -82% |
Bank of the Carolinas | Mocksville | $0.73 | $4.20 | -83% |
1st Financial Services | Hendersonville | $0.39 | $6.74 | -94% |
CommunityOne Bancorp | Asheboro | $9.46 | $325.00 | -97% |
Average Increase: all 15 Financial Corps | 33% | |||
Average Increase: all 56 North Carolina Corps | 210% | |||
Dow Industrials Index | 14,840.95 | 8,281.22 | 79% | |
S&P 500 Index | 1,638.17 | 850.12 | 93% | |
S&P Mid-Cap 400 Index | 1,201.33 | 516.75 | 132% | |
S&P SmallCap 600 Index | 581.52 | 247.89 | 135% |