After a promising start, the FIN Fastener Stock Index dropped off in the second quarter of 2012.
The FINdex declined 14.6% from the beginning of April to the end of June, bested by an index of related industrial stocks, which dipped a comparatively modest 3.4% during the period.
Winners and Losers
All public companies tracked by the FINdex lost ground in the second quarter.
Dorman Products was the hardest hit, losing half of its share value in Q2. The quarter capped a wild ride for Dorman, whose share value jumped 37% in the opening quarter of 2012 — the highest percentage gain in the FINdex — before (…)
