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

Planning Commission greenlights 1,100 unit Balboa Reservoir project

Development near CCSF expected to include 50 percent below-market rate units

Breed announces timeline for when SF’s businesses can reopen after COVID-19 shutdown

Restaurant advocacy group wants The City to allow indoor dining sooner

Trump signs order targeting social media companies

By Chris Megerian Los Angeles Times President Donald Trump signed an executive… Continue reading

CCSF puts Fort Mason campus on the chopping block

Faced with severe budget cuts, community college preparing to end decades-long lease

Neighbors sue city over safe camping site planned for Stanyan Street

A group of Haight residents filed a lawsuit Tuesday asking a federal… Continue reading

Most Read