Dow loses 46 points; Red Robin up 8.6%, United Western Bancorp down 17.9%
Written on July 3, 2010
The Dow lost 46 points Friday to close the week down 457 points from last Friday’s close. In Colorado, Red Robin and Gasco Energy led a few actively traded gainers, while United Western Bancorp sank nearly 18 percent after disclosing an order that it raise capital.
The Dow Jones Industrial Average finished the trading day at 9,686.48, down 46.05 points (0.47 percent).
The S&P 500 closed at 1,022.58, down 4.79 points (0.47 percent).
The NASDAQ Composite finished at 2,091.79, down 9.57 points (0.46 percent).
Among actively traded Colorado stocks, Red Robin Gourmet Burgers Inc. (RRGB) led the day’s gainers percentagewise, up 8.65 percent ($1.52) to close at $19.10.
Other Colorado gainers:
• Gasco Energy Inc. (GSX) — Up 3.28 percent (1 cent) to 34 cents.
• Berry Petroleum Co. (BRY) — Up 0.71 percent (18 cents) to $25.63.
• Intrepid Potash Inc. (IPI) — Up 0.15 percent (3 cents) to $19.98.
• Delta Petroleum Corp. (DPTR) — Up 0 .12 percent (just over 0 cents) to 82 cents.
• Cimarex Energy Co. (XEC) — Up 0.04 percent (3 cents) to $70.17.
Among actively traded Colorado stocks that declined on the day was United Western Bancorp Inc. (UWBK), down 17.9 percent (14 cents) to close at 65 cents, a new 52-week low.
The Denver-based holding company of United Western Bank disclosed Thursday it has consented to a cease-and-desist order with the federal Office of Thrift Supervision to raise its capital levels.
Other Colorado decliners:
• American Oil & Gas Inc. (AEZ) — Down 5.36 percent (34 cents) to $6.
• ProLogis (PLD) — Down 5.2 percent (53 cents) to $9.67.
• UDR Inc. (UDR) — Down 3.6 percent (69 cents) to $18.47.
• DCT Industrial Trust Inc. (DCT) — Down 3.33 percent (15 cents) to $4.35.
Filed in: online.