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Monday, Aug 15, 2022
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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,841.41.

The Dow Jones Industrial Average rose 0.2% to 25,611.00.

The Nasdaq declined 0.3% to 7,783.84.

The yield on a 10-year Treasury bond fell 0.5% to 2.86%.

The price of gold was 0.1% higher at $1,185.

TECHNOLOGY

Lantronix Inc. (Nasdaq: LTRX) in Irvine climbed 8.1% to $3.62 and a $66 million market cap. Peterson Capital Group reported a stake and said it’s studying ways to improve shareholder value. Lantronix, which makes software to connect, manage and secure “internet of things” products, is scheduled to report fourth-quarter earnings on Aug. 22.

HEALTHCARE

Lake Forest’s Cryoport Inc. (Nasdaq: CYRX) was up 4.2% to $12.94 and a $358 million market cap. The increase was the first after five consecutive trading days of decline following the company’s second-quarter report on Aug. 9 of a loss wider than analysts expected. Shares of the health sciences products shipping company are still up 51% this year.

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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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