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Thursday, Dec 12, 2024
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Midday Trading: RGP Keeps Rising; Terran up After Satellite News

In midday trading, the S&P 500 fell 0.3% to 3,807.96 while the Dow 30 was off 0.4% to 30,905.20 and the Nasdaq was off 0.4% to 11,133.14.

Crude oil fell 2.2% to $107.42 a barrel.

Gold was off 0.3% to $1,812 an ounce.

The 10-year bond fell 3.56% to 2.983%.

 

SERVICES

Resources Connection Inc. (Nasdaq: RGP) climbed 5.4% to $20.48 and a $676 million market cap. Shares of the Irvine-based provider of management consultants are up about 22% since reporting fiscal third-quarter results in early April.

 

TECHNOLOGY

 

Terran Orbital Corp. (NYSE: LLAP) climbed 7.2% to $4.79 and a $659 million market cap. Terran Orbital, which has significant operations in Irvine, today reported its Pathfinder Technology Demonstrator 3 (PTD-3) satellite has completed bus commissioning with all health and status checkouts nominal.

 

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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