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Saturday, Jul 2, 2022
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Midday Stock Roundup

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The S&P 500 rose 0.2% to 3,044.35 during midday trading.

The Dow Jones Industrial Average increased 0.1% to 27,106.30.

The Nasdaq dropped 0.3% to 8,304.33.

The yield on a 10-year Treasury bond was down 1.1% to 1.83%.

The price of gold decreased 0.3% to $1,492.

The price for a barrel of oil fell 0.5% to $55.51.

HEALTHCARE

Irvine-based Axonics Modulation Technologies Inc. (Nasdaq: AXNX) rose 6.1% to $23.45 per share for a market cap of $666 million. Yahoo! Finance posted a report yesterday saying that “hedge funds have never been this bullish on Axonics.”

TECHNOLOGY

Smith Micro Software Inc. (Nasdaq: SMSI) of Aliso Viejo fell 4.5% to $5.06 per share for a market cap of $187 million. The stock has lost about 17% in value since announcing its third-quarter financial results last Thursday, Seeking Alpha said “the disappointment seems to be the result of the lack of announcement of new carriers.”

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal

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