Ten of the 17 Iowa-based companies on the Business Record’s Iowa Index posted stock price gains in November. One company posted a double-digit percentage gain in the month. Seven Iowa-based stocks posted losses, with one being a double-digit percentage loss.

Lee Enterprises Inc. had the largest gain of the month with an 18.42% increase. Winnebago Industries Inc. had the second-biggest gain at 6.69%. HNI Corp. had the third-biggest with a 5.64% increase.

Renewable Energy Group Inc. posted the biggest percentage loss at 25.34%. Workiva Inc. had the second-biggest loss with a 6.74% decrease. Heartland Financial USA Inc. was third with a 5.23% decrease.

On Nov. 22, New York-based hedge fund Alden Global Capital continued its drive to own as much of the American newspaper industry as it can with a bid to acquire Davenport-based Lee Enterprises, a publicly traded chain of 75 daily newspapers and several hundred other outlets. On Nov. 29, Lee adopted a “poison-pill” plan to protect itself from a hostile takeover while the company’s board considered the unsolicited offer from Alden. The shareholder rights plan would take effect if Alden gets control of more than 10% of Lee’s stock anytime in the next year. Lee’s directors unanimously rejected Alden’s offer on Dec. 9.

The Iowa Index, an unweighted average price of 17 Iowa-based public companies, decreased 15.29% in November, compared with a 0.25% increase in the Nasdaq stock index and a 3.73% decrease in the Dow Jones Industrial Average.

The Iowa-based companies that make up the Iowa Index are in bold in this list of companies with sizable operations in the state.

See the full Iowa Index