Among 68 major Minnesota public companies, only four managed to gain this week amid a broad sell-off in the market. And six out of every 10 stocks had double digit percentage losses this week.
Dental and veterinary products supplier Patterson Cos. finished the week up 4.7% after reporting strong third quarter results on Thursday.
Calyxt which uses gene-editing software on agriculture crops only gained on Friday, but the 70-cent gain was enough to erase daily losses the rest of the week.
All the stocks in the 30-member Dow Jones industrial index lost value this week as the index lost more than 3,500 points, or 12.4% for the week, including the two Minnesota members of the widely watched index. Minnetonka-based UnitedHealth Group finished down 15.4% while Maplewood-based 3M Co. had the best week among the Dow components by only losing 4.9% this week.
The biggest loser among Minnesota stocks were Baudette-based specialty drug manufacturer ANI Pharmaceuticals, down 22% after it reported fourth quarter results on Thursday that were below analysts' revenue and earnings expectations.
Ameriprise Financial share lost 19.5% of their value this week.
Minneapolis-based Sleep Number's shares fell each day this week after its shares set their 52-week high the previous week after it reported its fourth quarter and year-end results.
The list lists the closing stock price Friday and how much the stock lost during the week.
