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Thursday, Jun 18, 2026

Midday Stock Roundup: TTM Rises 6% on Acquisition Announcement

Eledon shares up 9% since updated results from diabetes trial

June 18

TECHNOLOGY

TTM Technologies Inc. rose 6% to $214.90 for a market cap of $22.4 billion. The Santa Ana-based maker of printed circuit boards yesterday announced its intent to acquire Zurich, Switzerland-based Swiss Technology Group AG and ILFA GmbH in Hannover, Germany for an undisclosed amount. The two acquisitions will help “establish (TTM’s) footprint in the important European market,” according to Chief Executive Edwin Roks (Nasdaq: TTMI).

HEALTHCARE

Eledon Pharmaceuticals Inc. rose 5.8% to $3.91 apiece with a $302 million market cap. Shares in the Irvine-based biotechnology company are up 9.2% since announcing updated results from its islet cell transplantation trial, showing that all 12 patients achieved insulin independence, on June 8 (Nasdaq: ELDN).

INDEXES

Gold is down 3.2% to $4,243.50 per ounce.

Crude oil fell 2.8% to $73.91 per barrel.

–Yuika Yoshida


June 17

TECHNOLOGY

Western Digital is up 6% to $722.27 apiece with a market cap of $250 billion (Nasdaq: WDC). Shares of the San Jose-based memory products maker, which has a large presence in Irvine, rose following a favorable mention in Zacks today. In the article, the investment publication said that the EPS estimate for the quarter has risen over the last 30 days, and “a positive trend in earnings estimate revision usually translates into price appreciation.”

SEMICONDUCTORS

Broadcom rose 5.7% at $398.26 per share for a market cap of almost $1.9 trillion (Nasdaq: AVGO). Shares of the Palo Alto-based chip developer jumped after JPMorgan analysts set a $580 price target on the stock, calling it an “aggressive” buy.  Shares have risen by about 35% since March.

–Anastasia Efremova


June 16

SENIOR HOUSING

The Ensign Group rose 3.5% to $155.91 per share for a market cap of $9.1 billion after the San Juan Capistrano-based provider of senior housing facilities increased its stock repurchase authorize to $100 million (Nasdaq: ENSG).

HEALTHCARE

Irvine-based medtech firm Beta Bionics slid 4.1% to $13.79 per share for a market cap of $615 million. Shares in the company have fallen more than 25% over the last year (Nasdaq: BBNX).

MARKETS

The price for a barrel of oil fell 5.8% to $74.81 after the announcement that a provisional deal in the U.S. war against Iran may be at hand.

–Kevin Costelloe


June 15

RESTAURANTS 

Reborn Coffee Inc. jumped 13% to $1.60 apiece with a $13 million market cap (Nasdaq: REBN). Shares of the Brea-based company were recovering from when the specialty coffee chain revealed founder and co-CEO Jay Kim resigned and appointed his co-executive Jun Jae Lim as sole CEO on June 8.  

RETAIL 

Irvine-based loanDepot Inc. were up 8.9% to $1.23 apiece with a $801 million market cap (NYSE: LDI). However, shares of the mortgage lender are still off 4.2% since reporting first quarter results in May and down 34% since posting its fourth quarter 2025 report in March.  

MARKETS/INDEXES 

The S&P 500 was up 1.9% to 7,569.95, Nasdaq rose 3.1% to 26,681.81 and the Dow 30 increased 1.3% to 51,894.88 following news of the preliminary deal between the United States and Iran.  

Crude oil dropped 5% to $80.57 a barrel.  

Gold was up 2.7% to $4,353.70 per ounce.   

–Emily Santiago-Molina


June 12 

HEALTHCARE
Irvine-based biopharmaceutical company CG Oncology rose 4.1% to $60 apiece for a market cap of $5.3 billion. Investor website Simply Wall St. said on Thursday that investors are looking ahead to key data from its Phase 3 PIVOT-006 trial and a planned regulatory filing for bladder cancer therapy cretostimogene later this year (Nasdaq: CGON).
AEROSPACE
Tustin-based space tourism company Virgin Galactic fell 30% to $4.01 per share for a market cap of $446 million on the same day that Elon Musk’s SpaceX was going public in a $75 billion IPO that may eventually dominate the market for space travel and transportation (NYSE: SPCE).
MARKETS
The price for a barrel of oil fell 3.6% to $84.59 after President Trump issued his latest assurance that an end is close to end the war against Iran.
Gold rose 3.1% to $4,240.60.
EMPLOYMENT
AI company Veritone told California state officials it will be laying off 31 employees in Irvine. The company earlier this week told federal regulators it would lay off at least 25% of the staff.
–Kevin Costelloe

June 11

SPACE

Virgin Galactic Holdings Inc. surged 22% to $5.74 with a $599 million market cap (NYSE: SPCE). Shares of several space-related companies rose ahead of the SpaceX IPO on Friday, according to Yahoo Finance. Additionally, the Tustin-based space tourism company on June 10 completed a debt-for-equity swap that retired $30.5 million in notes, according to regulatory filings.

RETAIL

Shares of Compass Diversified, parent company of Costa Mesa retailer 5.11, fell 6.9% to $10.17 apiece after announcing that Chief Executive Elias Sabo will retire on Dec. 31, 2026. Zach Sawtelle, a partner and chief operating officer at the operator’s external manager, Compass Group Management LLC, will succeed Sabo as CEO.

The company had a $765 million market cap (NYSE: CODI).

MARKETS/INDEXES

Crude oil was up 1.3% to $91.21 a barrel. 

–Emily Santiago-Molina


June 10

SUPPLY CHAIN
Marwynn Holdings rose 21% to $1.24 apiece with a $23.4 million market cap (Nasdaq: MWYN). The Irvine-based distributor of Asian foods and indoor home goods surged after its wholly-owned subsidiary, EcoLoopX, announced the hiring of Frank Xu as sales director on Tuesday.

TECHNOLOGY
Indie Semiconductor Inc. is up 2% to $4 per share with a $871 million market cap. Shares of the Aliso Viejo-based automotive solutions firm rose after the announced release of iND881, the company’s AI system-on-chip for developing intelligent cameras (Nasdaq: INDI).

FRANCHISING
Shares of Xponential Fitness Inc. rose 4% to $5.96 with a $292 million market cap. Despite today’s gains, the Irvine-based fitness chain’s stock remains down about 8% since April, when it announced a strategic review that could lead to a sale, a merger or another financial transaction (NYSE: XPOF).

AEROSPACE
Space tourism company Virgin Galactic Holdings declined 6.2% to $4.31 apiece with a market cap of $450 million. The Tustin-based firm’s stock has experienced wild swings over a three-week stretch, with the most recent decline tied to Friday’s IPO of Elon Musk’s SpaceX and its announcement this week to retire up to $30.5 million of debt to improve liquidity by using stock. Investors are selling off as they weigh risks against speculative gains in the industry, according to Yahoo Finance (NYSE: SPCE).

INDEXES
Nasdaq is down 1.22% to $25,382.
Dow 30 fell 1.17% to $50,346.

MARKETS
Crude oil is up 3.22% to $91.04 per barrel.
Gold is down 3.27% to $4,146 an ounce.

–Anastasia Efremova and Nancy Luna


June 9

HEALTHCARE 
Orange-based Alignment Healthcare, a Medicare Advantage provider surged 18% to $18.08 per share for a market cap of $3.7 billion after the company presented at Goldman Sachs 47th Annual Global Healthcare Conference. Investor website Simply Wall St said earlier today indications are that Alignment is “scaling its senior-focused model and formalizing governance as it grows” (Nasdaq: ALHC).
SEMICONDUCTORS 
Indie Semiconductor Aliso Viejo was down 14% at $3.82 per share for a market cap of $809 million, as the chip industry faces increasing uncertainty and competition (Nasdaq: INDI).
INDEXES
The S&P 500 fell 1.9% to 7,263.63
Nasdaq down 3.2% at 25,091.36
MARKETS
Gold fell 1.7% to $4,289.60
The price for a barrel of oil dropped 4.5% to $90.

 

                                                                             –Kevin Costelloe


June 8

HEALTHCARE

Eledon Pharmaceuticals Inc. rose 4.3% to $3.55 apiece with a $274 million market cap. The Irvine-based biotechnology company today announced updated results from its islet cell transplantation trial, showing that all 12 patients achieved insulin independence (Nasdaq: ELDN).

AUTOMOTIVE

Rivian Automotive Inc. was up 7% to $17.50 and a $23.5 billion market cap. Shares in the Irvine-based EV maker are up ahead of the launch of its newest R2 electric vehicles on June 9 (Nasdaq: RIVN).

INDEXES

Crude oil increased 1% to $91.53 per barrel.

–Yuika Yoshida


June 5

SEMICONDUCTORS
Chip developer Broadcom continued its downward slide after releasing results on Wednesday that disappointed investors alarmed at the company’s AI chip projections.  Palo Alto-based Broadcom was down 6% at $393.82 per share for a market cap of almost $1.9 trillion, while Irvine-based chip company Skyworks Solutions fell 7.5% to $73.93 apiece for a market cap of $11 billion (Nasdaq: AVGO; Nasdaq: SWKS).
AUTOMOTIVE
Electric vehicle maker Rivian Automotive declined 8.3% to $16.62 apiece for a market cap of $22 billion, after pulling back on incentives on its R1 vehicles (Nasdaq: RIVN)
INDEXES 
The S&P 500 declined 1.5% to 7,467.66.
Nasdaq down 2.6% at 26,139.80.
MARKETS
Gold down 3.1% to $4,365.70.
The price for a barrel of oil fell 1.6% to $93.48.
                                                                                        –Kevin Costelloe

June 4

RESTAURANTS

Shares of Cerritos-based GEN Restaurant Group Inc. are up 5% to $2.03 with a market cap of $67 million. The Korean BBQ brand, whose flagship restaurant is in Tustin, today announced it signed a distribution agreement with C&S Wholesale Grocers LLC. The partnership gives GEN access to C&S’s network, including more than 7,500 customers and 200 grocery stores nationwide (Nasdaq: GENK).

RETAIL

Tilly’s Inc. surged 16% to $5.16 apiece with a $158.4 million market cap after reporting first-quarter results yesterday. The Irvine-based youth apparel retailer reported net sales jumped 16% to $124.7 million, driven by a 23% increase in same-store sales for the period ended May 2 (NYSE: TLYS).

DEFENSE

Mobix Labs Inc. increased 15% to $2.57 with a market cap of $41 million. The Irvine-based 5G semiconductor company today announced it’s acquiring Montana-based drone manufacturer Vision Aerial Inc. for an undisclosed amount (NASDAQ: MOBX).

TECHNOLOGY

Broadcom Inc. dropped 15% to $409.20 and a $1.9 trillion market cap. The Palo Alto-based chipmaker, with offices in Irvine, yesterday projected AI chip sales for the third quarter at $16 billion, below analysts’ expectations of $17.2 billion (Nasdaq: AVGO).

INDEXES

Crude oil fell 3.1% to $93.04 per barrel.

–Yuika Yoshida

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