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Monday, May 12, 2025
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Midday Stock Roundup

The S&P 500 rose 0.6% in midday trading to 2,354.90.

The Dow Jones Industrial Average increased 0.6% to 20,672.06.

The NASDAQ was up 0.5% to 5,868.01.

The yield on a 10-year Treasury bond rose 1% to 2.40%.

The price of gold fell 0.2% to $1,254.

HEALTHCARE

CryoPort Inc. of Irvine fell 45% to $2.08 and a $37 million market cap. The life sciences company priced an offering of 5.5 million common shares at $2 a share, 47% below Monday’s closing price of $3.75. Cryoport had by midday traded 4.2 million shares compared to a daily average of 22,000.

TECHNOLOGY

Lantronix Inc. of Irvine climbed 8% to $3.32 and a $58 million market cap. Shares in the maker of data networking products maker have doubled year-to-date and more than tripled in the last 12 months.

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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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