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Saturday, Jul 13, 2024
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Midday Stock Roundup

The S&P 500 was up 0.8% at 3,423.19 during midday trading.

The Dow Jones Industrial Average rose 0.9% to 28,184.56.

The Nasdaq climbed 0.6% to 11,379.65.

The yield on a 10-year Treasury bond rose 1.4% to 0.649%.

The price of gold decreased 0.4% to $1,940.

The price for a barrel of oil rose 0.3% to $42.45.

RESTAURANTS

Shares in Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) rose 5.9% to $9.19 apiece for a market cap of $343 million. Earlier in the day, C.L. King & Associates initiated coverage by setting the rating at Buy.

HEALTHCARE

Shares in Lake Forest-based medical device maker Staar Surgical Company (Nasdaq: STAA) fell 2.9% to $46.63 apiece for a market cap of $2.1 billion. Staar shares have fallen 24% since a 52-week high of $62.51 on Aug. 5 when a short trading firm, J Capital Research, accused the company of financial irregularities in reporting its revenue from China.

FINANCE

Shares in Irvine-based Pacific Premier Bancorp. Inc. (Nasdaq: PPBI) rose 5.9% to $22.62 apiece for a market cap of $2.1 billion, for an almost 7% share price increase over the last month.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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