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Sunday, Jan 29, 2023
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Midday Stock Roundup

 The S&P; 500 rose 1.1% to 4,582.58 in midday trading.

The Dow Jones Industrial Average increased 0.9% to 35,320.58.

The Nasdaq climbed 1.4% to 14,542.08.

The yield on a 10-year Treasury ticked 0.3% higher to 1.833%.

The price of gold was flat at $1,842.80.

The price for a barrel of oil rose 0.3% to $87.25.

 

FRANCHISORS

Irvine-based fitness franchisor Xponential Fitness, Inc. (NYSE: XPOF) jumped 11% to $16.74 apiece and a market cap of $400 million. The company announced Tuesday plans for global expansion in partnership with management software platform Glofox. The company currently operates in 10 countries outside of the U.S.

MEDICAL DEVICES

Sonendo, Inc. (NYSE: SONX) rose 13% to $7.36 per share and a $193 million market cap. Shares have now risen 35% since Jan. 10 when the company announced preliminary fourth-quarter revenue ranging from $9.7 million to $9.9 million, topping the average analyst estimate of $9.2 million. The Laguna Hills-based maker of dental technologies went public in October at $12 a share.

 

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Audrey Kemp
Audrey Kemp
Audrey Kemp is a staff reporter and occasional photojournalist for the Orange County Business Journal. Her beats include — but are not limited to — healthcare, startups, and education. While pursuing her bachelors in literary journalism at UC Irvine, she interned for New York-based magazine Narratively Inc., wrote for Costa Mesa-based lifestyle magazine Locale, and covered the underground music scene for two SoCal-based music publications. She is an unwavering defendant of the emdash and the Oxford comma.
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