Midday Stock RoundupThursday, May 18, 2017
The S&P 500 was up 0.6% in midday trading to 2,371.33.
The Dow Jones Industrial Average was up 0.4% to 20,695.05.
The NASDAQ was up 0.9% to 6,063.38.
The yield on a 10-year Treasury bond was up 0.2% to 2.22%.
The price of gold was down 0.7% to $1,249.
Endologix Inc. was down 34% to $4.40 and a $365 million market cap. The Irvine-based company makes devices to treat abdominal aortic aneurysms and after getting FDA guidance on previous clinical study results on a development-stage product said today it will schedule a new trial to begin in Q4. Future approval will be delayed by about two years, news reports said. Analysts at Stifel Nicolaus downgraded shares to “hold” with a $5.50 price target, down from $10; analysts at BTIG kept a “buy” rating but lowered its price target to $7 from $10.
Boot Barn Holdings Inc. in Irvine was down 9.6% to $8.02 and a $213 million market cap on above average volume. The company runs a chain of western wear stores.
Consumer Portfolio Services Inc. in Irvine was up 6.4% to $4.63 and a $107 million market cap. The firm buys and services automobile loans.