Publicly-held companies based in Glendale and Burbank were relatively unscathed in the stock market’s 512-point plunge today.
Glendale-based Public Storage’s stocks dropped by $6.26 to $110.82 per share. Stocks for DineEquity, owner of Applebee’s and IHOP, declined by $4.46 to $42.40 per share. The Walt Disney Co. was also scraped, its stock decreasing by $2.08 to $35.35 per share.
Nestle, DreamWorks Animation and Time Warner, which owns Burbank-based Warner Bros., each saw their stocks fall between $1 and $1.50.Copyright © 2014, Los Angeles Times