Menu
Montecito
Pac Premier
Giving Guide
Loading...
You are here:  Home  >  Latest news  >  Current Article

Tri-county stocks bounce back as market soars

By   /   Tuesday, March 24th, 2020  /   Comments Off on Tri-county stocks bounce back as market soars

    Print       Email

The Dow Jones Industrial Average surged at historic rates March 24, as pressure came down from President Donald Trump on Congress to pass a fiscal stimulus bill and regulators to reopen businesses by Easter. 

Tri-county public companies rebounded 9.4 percent from the past week’s declines, including a 68 percent jump for Goleta breast implant supplier Sientra, following a more than 80 percent drop since the start of the year. 

Electronics firms shot up as well, with a 21 percent gain for Westlake Village firm Inphi, and a 17 percent jump for Goleta mobile device filter maker Resonant to $1.26 per share. Camarillo-based Semtech gained 8.2 percent. 

Software firm AppFolio jumped 15.5 percent for the day to $103.83, while Ventura-based The Trade Desk and Summerland ERP provider QAD jumped 9.8 percent apiece. 

Atara Biotherapeutics made up much of its losses over the past two weeks, gaining 18.5 percent to $9.35, alongside a 19 percent jump for Cure Pharmaceutical. Thousand Oaks biotech giant Amgen rose 8.8 percent to $202.34. 

A few stocks continued to slide, including a 9.4 percent drop for PennyMac Mortgage Investment Trust, which has plummeted 74 percent year-to-date. CDTi Advanced Materials fell more than 5 percent, and Interlink Electronics fell 2.6 percent. 

    Print       Email