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Tuesday, Dec 5, 2023

Midday Stock Roundup

U.S. stocks declined during midday trading following continued unrest in Hong Kong and U.S.-China trade tensions.

The S&P 500 was down 0.9% to 2,893.87; The Dow Jones Industrial Average decreased 1.1% to 26,004.25; and the Nasdaq fell 0.7% to 7,901.00.

The yield on a 10-year treasury bond plummeted 4.3% to 1.66%.

The price of gold rose 0.6% to $1,517.

The price of oil increased 0.6% to $54.84.


Irvine’s Cryoport Inc. (Nasdaq: CYRX) was up 5% to $24.33 and an $861 million market cap. Shares, which hit a new record of $24.67 earlier Monday, have jumped 20% for the health sciences shipping and logistics provider since last week when it reported second quarter revenue surged 83% to $8.5 million. The share price is up 68% in the past year.

Endologix Inc. (Nasdaq: ELGX) in Irvine was up 7% to $6.61 and a $114.7 million market cap. The medical device maker announced last week it has partnered with Boston Scientific Corporation to be the exclusive distributor for its products in China. Also last week, Endologix said it had received investigational device exemption (IDE) approval from the FDA for a study of its Nellix Chimney Endovascular Aneurysm Sealing System.

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