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Friday, Sep 30, 2022
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Midday Stock Roundup

Stocks moved higher on the easing of pandemic restrictions, led by battered sectors such as energy, financial and industrial groups.

The S&P 500 was up 1.2% to 3,116.78 during midday trading.

The Dow Jones Industrial Average rose 1.6% to 26,165.70.

The Nasdaq rose 0.7% to 9,676.97.

The yield on a 10-year Treasury bond jumped 12% to 0.762%.

The price of gold fell 1.8% to $1,703.

The price for a barrel of oil was flat at $36.78.

REAL ESTATE

Healthpeak Properties Inc. (NYSE: PEAK) climbed 4.1% to $27.14 and a $14.6 billion market cap. Volume was about half of its daily average of 5.4 million. Shares of the Irvine-based real estate investor in health-related properties are still off about 30% since late February.

MEDICAL DEVICE MAKERS

Glaukos Corp. (NYSE: GKOS) rose 8.4% to $44.66 and a $2 billion market cap. Share volume of the San Clemente based maker of eye stents was about a third of its daily average of 968,000.

Urovant Sciences Ltd. (Nasdaq: UROV) jumped 11% to $11.83 and a $361 million market cap. The Irvine-based maker of products to treat overactive bladders yesterday named Walt Johnston as senior vice president of commercial and Kenton Stewart as senior vice president of market access. Previously Johnston was senior vice president of the Urology and Hospital Business Unit at Astellas Pharma Inc. and Stewart was the leader of the Health Systems Business Unit at Alkermes.

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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