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Friday, Jul 19, 2024
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Midday Stock Roundup

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.”

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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