Morning stock check: SunPower up, Salesforce.com down

Two local companies led the pack in early-morning trading at the start of the week, outpacing their competition by more than 1.5 percentage points. SunPower Corporation (SPWR) held the top trading spot with almost a 4 percent increase in value, and Verisign, Inc. (VRSN) followed close with an increase of more than 2 percent. No other stocks are breaking a 1 percent increase this morning, many hovering between 0.8 and 0.6 percent.

At the bottom of the list, Salesforce.com, Inc. (CRM) dropped more than 3 percent in early trades, and The Charles Schwab Corporation (SCHW) saw a dip of almost 3 percent.

South Bay giants led the trading in terms of volume in transactions, with Yahoo! Inc. (YHOO) moving 7.18 million units and Apple Inc. and Intel Corporation (INTC) moving 6.33 and 6.06 million, respectively.

Yahoo’s trading may have been buoyed by news that 17 more newspapers had joined as online publishing partners in the Internet giant’s publishing consortium. According to Forbes.com, 17 papers owned by the New York Times Company (NYT), including the Columbus Dispatch but not the Times itself, joined Yahoo!, giving the company a total of approximately 415 daily newspapers and 140 weeklies.

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

District 7 race leads supervisor contests in campaign contributions

The race to replace outgoing Board of Supervisors President Norman Yee has… Continue reading

Jones Street getting more pedestrian space after months of community pressure

Pedestrians on Jones Street will have more room to walk as early… Continue reading

Pandemic exacerbates food insecurity for San Franciscans in need

Mayor Breed proposes $45.7 million for meal programs under two-year budget

Doing No Harm: Ahimsa Sumchai

Doctor tracks health of Bayview residents affected by toxins from former shipyard

Most Read