Orange County Business Journal

Midday Stock Roundup

Kari Hamanaka Friday, September 6, 2013

The S&P 500 was up 0.40% to 1,661.75 in midday trading Friday.

The Dow Jones Industrial Average was up 0.33% to 14,987.02, while the Nasdaq was up 0.29% to 3,669.57.

The yield on a 10-year Treasury bond was off 2.55% to 2.90%.

The price of gold rose 1.03% to $1,387.10 per ounce.

APPAREL

Shares of Quiksilver Inc. shot up nearly 32% in afternoon trading to $6.84 as the action sports apparel maker and retailer appears to have turned a corner in improving its business. The company beat analyst expectations on earnings. It also reported a trim in selling, general and administrative expenses, as well as a $4 million increase in earnings before interest, taxes, depreciation and amortization. Quiksilver had a recent market value of $1.14 billion

REAL ESTATE

Irvine-based Standard Pacific Corp. shares rose about 4% to $7.47 for a market value of $2.59 billion.

The homebuilder is reportedly one of three bidders vying for Shapell Homes of Beverly Hills.

RETAIL

Local action sports retailers received a boost from yesterday’s second-quarter earnings results for Washington-based rival Zumiez Inc., which beat Wall Street expectations on earnings.

Anaheim-based Pacific Sunwear of California Inc. was up nearly 7% to $3.27 for a market value of $223.87 million.

Tilly's Inc. of Irvine was up about 1% to $13.87 for a market value of $385.17 million.