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Stocks Advance Over Tuesday Slump

Stocks Advance Over Tuesday Slump

By Eric Miller / Stocks / March 7, 2012 March 7, 2012

Stock market indexes headed up again towards the 13,000 mark Wednesday and the Yahoo Finance Manufactured Housing Composite Index added nearly three percent. Most individual stocks also advanced.

Affiliated Managers Group, Inc. added $1.70 (1.63 percent) to arrive at $106.13. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway added $150 (.13 percent) to arrive at $118,005 a share. Cavco added $1.36 (3.16 percent) to close at $44.45. Drew Industries Incorporated added .53 cents (2.04 percent) to close at $26.49. Equity Lifestyle Properties added .44 cents (.65 percent) to close at $68.21. Louisiana-Pacific Corporation added .01 cent (.13 percent) to close at $7.92. Nobility Homes added .24 cents (3.18 percent) to close at $7.79. Patrick Industries added .16 cents (2.49 percent) to close at $6.59. Skyline Corporation added .17 cents (2.48 percent) to close at $7.03. Sun Communities added .34 cents (.81 percent to close at $42.15. Universal Forest Products added .88 cents (2.98 percent) to close at $30.40. UMH Properties added .10 cents (one percent) to close at $10.15. Last but anything but least, Walker & Dunlop added .66 cents (5.75 percent making it the day’s biggest share value gainer) to close at $12.14.

Not adding or losing value Wednesday were Champion, Deer Valley, Liberty Homes and Palm Harbor Homes.

The lone declining watched stock for the day was Third Avenue Value Fund, down $1.55 (3.31 percent) to $45.30.

(Image Credit: By Sparkx 11 from Wikimedia Commons)