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Article: Despite roily economy, firms post 3-digit market cap gains; Nat City, with an 82% drop, no longer a top regional performer.
- Article from:
- Crain's Cleveland Business
- Article date:
- May 19, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SCOTT SUTTELL
Cryogenic equipment maker Chart Industries Inc. was off the charts, but even a 132.1% increase in market capitalization in the last 12 months wasn't quite enough to lay claim to the top spot on the list of Northeast Ohio companies that most increased their stock valuations.
That honor would go to another industrial company, iron ore producer Cleveland-Cliffs Inc., which during the 12-month period that ended April 24, 2008, saw its market cap rise 140.8% to $6.88 billion.
That rise, aided greatly by a surging steel industry, made Cleveland-Cliffs the sixth-largest company in Northeast Ohio based on market cap; a year ago, ...