San Diego stocks jumped out of the...
San Diego stocks jumped out of the doldrums, where they have been the last few months, after Monday’s big stock market rally, according to Irving Katz, director of research at San Diego Securities.
The point leader was Price Co., up 3 to 36.
New highs were made by Linear Corp., up three-quarters to 9, and WD-40, up 1 to 34.
Mail Boxes Etc. paid a 20% stock dividend, so the adjusted price of its stock was up 1 3/4 to 15 3/4.
The biotechnology companies finally rallied, with Syntro up seven-eighths, Xytronix up three-quarters, Synbiotics up one-quarter and Molecular Biosystems up one-half.
The savings and loans joined in, as Imperial Corp. of America was up 1 1/2, Great American First Savings Bank was up 1, and Home Federal Savings & Loan was up three-quarters.
PS Group rose three-quarters to 36, where it still sells at a discount from $45 to $50 estimated value, since the sale to US Air of its PSA subsidiary, Katz said.
