Midday Stock RoundupFriday, August 30, 2013
The S&P 500 was down 0.26% to 1,633.85 in afternoon trading Friday.
The Dow Jones Industrial Average was off 0.19% to 14,812.40, while the Nasdaq was down 0.70% to 3,594.82.
The yield on a 10-year Treasury bond rose 0.15% to 2.75%.
The price of gold slipped 1.14% to $1,396.80 per ounce.
Anaheim-based Pacific Sunwear of California Inc. shares slumped about 13% to $3.42 for a market value of $233.94 million. The action-sports retailer reported better-than-expected earnings for the quarter ended Aug. 3, but projected a loss for the current quarter. Janney Capital reiterated its "buy" rating on the company's stock.
Huntington Beach-based BJ's Restaurants Inc. fell about 3% to $31.65 for a market value of $892.34 million. Senior Vice President of Brewing Operations Alex Puchner sold 5,000 shares of the company's stock at a price of $33 on Wednesday, according to a filing with the Securities and Exchange Commission.
Homebuilders were generally down on Friday.
Irvine-based Standard Pacific Corp. was down about 3% to $7.11 for a market value of $2.47 billion.
Newport Beach-based William Lyon Homes shares were off about 3% to $20.42 for a market value of $641.94 million.
Shares of TRI Pointe Homes Inc. of Irvine fell about 3% to $14.15 for a market value of $447.10 million.