Midday Stock RoundupWednesday, August 20, 2014
The S&P 500 was up 0.2% to 1,985.40 in midday trading Wednesday.
The Dow Jones Industrial Average rose 0.3% to 16,967.82, while the Nasdaq was flat at 4,527.88.
The yield on a 10-year Treasury bond rose 0.58% to 2.42%.
The price of gold fell 0.15% to $1,294.80.
Costa Mesa-based El Pollo Loco Holdings Inc. is up 1.5% to $30.36 and a market cap of $1.1 billion. Five analysts initiated coverage of the company with one setting an “outperform” rating and no price target, one setting “underweight” and a $22 price target, and three setting “hold” or “neutral” ratings with the price target between $30 and $32.
Foothill Ranch-based Skilled Healthcare Group Inc. dropped back 4.9% to $7.01 and a market cap of $281.3 million in midday trading. It rose yesterday by 21% at midday on word of an acquisition by Kennett Square, Pa.-based Genesis HealthCare.