Husson Stock Index Week Ended June 4, 2021 for the Week Ending June 4, 2021, the Husson Stock Index (HSI) Finished the Week at 2
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Husson Stock Index Week Ended June 4, 2021 For the week ending June 4, 2021, the Husson Stock Index (HSI) finished the week at 232.24, down 0.35% from last week’s close of 233.06. In comparison to the HSI, the S&P 500 finished the week at 4,229.89, up 0.61% from last week’s close of 4,204.11. Comparing the HSI and S&P year-to-date, the HSI has increased 12.43% and the S&P has increased 12.61%. Summary The stock with the largest percentage change for the week was Rite Aid Corporation. (RAD: NYSE), which increased 14.18% or $2.59. On June 2nd there was high volume in the company’s call options expiring July 16 with an exercise price of $21.00. Year-to-date, the stock has increased 31.78% or $5.03. The stock with the second-largest percentage change for the week was Darden Restaurants, Inc. (DRI: NYSE), which decreased 6.34% or $9.08, despite Zacks Equity Research indicating that DRI has the potential to beat earnings estimates for the fiscal quarter ending May 2021. Year-to-date, the stock has increased 12.62% or $15.03. Overview The HSI was developed by Marie Kenney, while a student at Husson University, in consultation with Associate Professor J. Douglas Wellington. The HSI tracks and analyzes the stocks of 29 companies that are considered to have an effect on the Maine economy. These companies are either based in Maine or have an influence on the Maine economy through employment or consumer spending. This price-weighted index offers a numerical breakdown of Maine’s economy. The analysis looks into the events of the week and finds the likely reasons the index went up or down. This index and analysis help provide a better understanding of Maine’s economy as well as explain significant changes in stock prices of the companies that comprise the HSI. Citations Contributor BNK Invest BNK Invest. (2021, June 2). Noteworthy Wednesday Option Activity: TAP, NVAX, RAD. Retrieved from https://www.nasdaq.com/articles/noteworthy-wednesday- option-activity:-tap-nvax-rad-2021-06-02 Will Darden Restaurants (DRI) Beat Estimates Again in Its Next Earnings Report? (2021, June 02). Retrieved from https://www.zacks.com/stock/news/1644759/will-darden-restaurants-dri- beat-estimates-again-in-its-next-earnings-report?art_rec=quote-stock_overview-zacks_news- ID02-txt-1644759 Composition of the Husson Stock Index (HSI) Ticker Maine Stock Sector Symbol: Affiliation Exchange AGR: NYSE Avangrid, Inc. Presence Utilities ANCUF: TSX Alimentation Couche-Tard Inc Presence Consumer Staples Class B BAC: NYSE Bank of America Corporation Presence Financials BHB: NYSE Bar Harbor Bank Maine- Financials based CAC: NASDAQ Camden National Corporation Maine- Financials based CHTR: Charter Communications, Inc. Presence Communications NASDAQ Services CL: NYSE Colgate-Palmolive Company Maine- Consumer Staples based CVET: Covetrus, Inc. Maine- Health Care NASDAQ based DRI: NYSE Darden Restaurants, Inc. Presence Consumer Discretionaries FNLC: The First Bancorp, Inc. Maine- Financials NASDAQ based GD: NYSE General Dynamics Corporation Presence Industrials HLT: NYSE Hilton Worldwide Holdings, Inc. Presence Consumer Discretionaries HD: NYSE The Home Depot, Inc. Presence Consumer Discretionaries ICCC: ImmuCell Corporation Maine- Health Care NASDAQ based IDXX: IDEXX Laboratories, Inc. Maine- Health Care NASDAQ based LOW: NYSE Lowe's Companies, Inc. Presence Consumer Discretionaries MCD: NYSE McDonald's Corporation Presence Consumer Discretionaries NBN: NASDAQ Northeast Bank Maine- Financials based PENN: Penn National Gaming, Inc. Presence Consumer NASDAQ Discretionaries RAD: NYSE Rite Aid Corporation Presence Consumer Staples RTX: NYSE Raytheon Technologies Presence Industrials Corporation TD: NYSE The Toronto-Dominion Bank Presence Financials TMUS: T-Mobile US, Inc. Presence Consumer Services NASDAQ UPS: NYSE United Parcel Service, Inc. Presence Industrials UNM: NYSE Unum Group Presence Financials VLO: NYSE Valero Energy Corporation Presence Energy WMT: NYSE Walmart Inc. Presence Consumer Staples WEX: NYSE WEX Inc. Presence Information Technology WBA: Walgreens Boots Alliance, Inc. Presence Consumer Staples NASDAQ .