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Monday, Dec 5, 2022
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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
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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