Long Island stocks on move
New York Stock Exchange traders Credit: AP
Here are two Long Island companies whose stock moved significantly during the week ending Jan. 22, 2011.
Suffolk Bancorp
(SUBK)
Riverhead
$22.28 (week's change: -11.8%)
52-week return: -16.1% </MC><EL4>
The holding company for Suffolk County National Bank suffered its worst weekly drop in nearly two years after posting a 22 percent decrease in fourth-quarter net income.
CPI Aerostructures
(CVU)
Edgewood
$12.94 (week's change: -12.0%)
52-week return: +110.4%
The defense contractor lowered 2010 sales and profit forecasts after the U.S. government ended a T-38 jet program earlier than expected. CPI said 2011 and 2012 earnings will not be impacted.
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