South San Francisco’s Genentech Inc. (DNA) saw its share price shrink Tuesday amid a stock market that was down less than one percentage point for the Dow, Nasdaq and S&P 500.
Genentech’s price fell after the company reported lower-than-expected revenue in the third quarter, according to Forbes.com.
In other news of local companies, solar cell maker SunPower Corp. (SPWR) saw its shares rise .84 percent to $91.33 following an announcement that it will build an 18-megawatt solar electric power plant in Spain, according to CNNMoney.com.
Intel Corp. (INTC), Sun Microsystems Inc. (JAVA) and Cisco Systems Inc. (CSCO) were the most-traded companies in mid-afternoon trading Eastern Standard Time among the top 50 Bay Area publicly-traded firms tracked by The Examiner. All saw their stock prices drop. Salesforce.com Inc. (CRM) saw the largest stock price increase among those companies, with an increase of 3.02 percent to $56.25.