- On December 31, 2007 during President Bush's second term
- On March 6, 2009, very early in President Obama's first term, which was the lowest point for the US stock market due to the spillover effects resulting from the 2008 financial meltdown, and
- also on the most recent date May 9, 2014.
The historical stock prices of these companies were obtained from the following two excellent internet resources.... Google Finance and MarketWatch Big Charts.
These 6 West Virginia Companies had their average stock market prices decline by a huge 46% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
But in the slightly more than five years since March 6, 2009, the average stock market prices of these same 6 West Virginia Companies have increased by a robust 160% through May 9, 2014.
In similar fashion, the US unemployment rate doubled from 5.0% in December 2007 to 10.0% in October 2009, early in President Obama's first term which was the very lowest point for the US Labor Market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.
And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, taking full effect, coupled with the Quantitative Easing by the US Fed, the US unemployment rate declined sharply from 10.0% in October 2009 to 6.3% in the most recently reported April 2014.
In like manner, West Virginia's unemployment rate more than doubled, going from 4.1% in December 2007 to 8.3% in October 2009. And then with the US economic stimulating actions of the Obama Administration, supported by a Democratically controlled US Senate, going full throttle, coupled with the Quantitative Easing by the US Fed, the West Virginia unemployment rate declined sharply, going from 8.3% in October 2009 to 6.0% in the most recently reported April 2014.
Below here are the stock market prices of each of these 6 West Virginia Companies on May 9, 2014, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes:
Market | Market | ||||||
Price | Price | ||||||
% | % | ||||||
Change | Change | ||||||
Market | Market | Market | 3-6-09 | 12-31-07 | |||
Price | Price | Price | to | to | |||
West Virginia Company | HQs | 5-9-14 | 3-6-09 | 12-31-07 | 5-9-14 | 3-6-09 | |
$s | $s | $s | |||||
MTR Gaming Group | Chester | WV | 4.89 | 0.89 | 6.79 | 449% | -87% |
Premier Financial Bancorp | Huntington | WV | 14.30 | 4.88 | 12.78 | 193% | -62% |
United Bankshares | Charleston | WV | 29.34 | 13.79 | 28.02 | 113% | -51% |
WesBanco | Wheeling | WV | 29.68 | 13.99 | 20.60 | 112% | -32% |
City Holding | Charleston | WV | 42.99 | 21.95 | 33.84 | 96% | -35% |
American Public Education | Charles Town | WV | 36.70 | 37.19 | 41.78 | -1% | -11% |
Average % Change all 6 | 160% | -46% |