Valuation of O.C.’s Larger Firms up 14.8%
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Orange County’s larger, more active public companies saw their combined valuation rise 14.8% in the first three months of this year, according to a survey released Wednesday by an Internet company.
Orange County ranked sixth among the top 45 U.S. metropolitan areas that were home to large, actively traded corporations, according to a new index put together by Quote.com CityWatch in Mountain View.
The U.S. cities with companies with the top-performing stocks in the first quarter were Detroit, Hartford and Miami, where companies posted stock price increases of 20.07%, 19.24% and 18.28%, respectively.
Quote.com CityWatch measures the collective stock performance of the largest publicly traded corporations within a region. The index is calculated from a baseline value for each region as of Oct. 1. All regions started with an assigned index value of 1,000.
At the end of the first quarter, all 45 regions were above 1,000, including last-place Portland, Ore., with a rise of 2.56%.
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