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Monday, Dec 5, 2022
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Midday Stock Roundup

The S&P 500 fell 0.3% to 4,195.65 in midday trading.

The Dow Jones Industrial Average was flat at 34,615.34 while the Nasdaq dropped 0.9% to 13,630.53.

Crude oil was off 0.2% to $68.71 a barrel.

Gold was down 2% to $1,872.

The yield on a 10-year Treasury increased 2% to 1.6220%.

ENERGY

Clean Energy Fuels Corp. (Nasdaq: CLNE), OC’s largest public clean tech firm, jumped 15% to $9.35 for a $1.9 billion market cap. Volume was three times its daily average of 6.8 million shares. Shares of the Newport Beach-based company have more than doubled since December.

HEALTH INSURANCE

Orange-based Alignment Healthcare Inc. fell 6.5% to $23.44 and a $4.4 billion market cap. Shares of the provider of Medicare Advantage insurance plans are still up 30% since its IPO price of $18 on March 26.

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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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