Midday stock check: Genentech down after Q3 report

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.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Second grader Genesis Ulloa leads students in an after-school community hub in a game at the Mission YMCA on Friday, May 7, 2021. (Kevin N. Hume/S.F. Examiner)
SF parents face school year with hope, trepidation and concern

‘Honestly, I don’t know how I’m going to deal with it’

Health care workers in the intensive care unit at Providence Saint John’s Health Center in Santa Monica, with Alejandro Balderas, a 44-year-old patient who later died. Even in California, a state with a coronavirus vaccination rate well above average, the number of people hospitalized with COVID-19 has nearly doubled in the past two weeks, according to a New York Times database. (Isadora Kosofsky/The New York Times)
Why COVID took off in California, again

‘The good news is: The vaccines are working’

Lake Oroville stood at 33 percent full and 40 percent of historical average when this photograph was taken on Tuesday, June 29, 2021. (Brian van der Brug / Los Angeles Times via Tribune News Service)
A kayaker on the water at Lake Oroville, which stands at 33 percent full and 40 percent of historical average when this photograph was taken on Tuesday, June 29, 2021 in Oroville, Calif. (Brian van der Brug / Los Angeles Times via Tribune News Service)
Facing ‘dire water shortages,’ California bans Delta pumping

By Rachel Becker CalMatters In an aggressive move to address “immediate and… Continue reading

Most Read