Midday Stock Roundup: Alignment Healthcare Up 7.8% Ahead of Q2 Results

July 9

HEALTHCARE

Alignment Healthcare rose 7.8% to $21.60 apiece for a market cap of $4.5 billion. The Orange-based provider of Medicare Advantage plans for seniors today announced that it will report second quarter results on July 30 after the market closes (Nasdaq: ALHC).

TECHNOLOGY

Lantronix Inc. increased 8.3% to $5.76 apiece and a $257.4 million market cap. Shares in the Irvine-based computer networking products have risen 7.5% since announcing it has agreed to acquire the assets of Vecima Networks Inc.’s industrial IoT business, including its Nero Global Tracking software-as-a-service platform, on July 7 (Nasdaq: LTRX).

AUTOMOTIVE

Irvine-based electric vehicle maker Rivian Automotive jumped 7.2% to $17.85 per share for a market cap of $24.3 billion after raising $1.3 billion by selling 82.6 million shares (Nasdaq: RIVN).

INDEXES

Crude oil fell 2.1% to $71.98 per barrel.

Gold was up 1.4% to $4,141.30 per ounce.

–Yuika Yoshida

July 8

SEMICONDUCTORS

Broadcom rose 3.6% at $384.07 per share for a market cap of $1.8 trillion (Nasdaq: AVGO). Shares of the Palo Alto-based chip developer, with offices in Irvine, jumped after the company announced today a chip deal with Apple worth upwards of $30 billion.

FRANCHISING

Shares of Xponential Fitness Inc. are down 4.5% to $6.60 with a $323 million market cap (NYSE: XPOF). The Irvine-based fitness chain’s stock continues to fall after reporting revenues of $60.71 million in the first quarter, down 21% from the year prior.

MARKETS/INDEXES

S&P 500 is down 1% to 7,428.89.

Nasdaq is down 1.07% to $25,541.

Dow 30 fell 1.57% to $50,093.

Crude oil rose 7.47% to $75.64 as tensions in Iran have escalated this week.

Gold is down 2.79% to $4,041 per ounce.

The yield on a 10-year Treasury bond is down 1.41% to 4.6%.

–Anastasia Efremova

July 7

July 6

SEMICONDUCTOR

Broadcom Inc., the Palo Alto-based chip developer with roots in Irvine, rose 4.5% to $376.70 apiece with a $1.8 trillion market cap (Nasdaq: AVGO). The company on Monday said it extended its deal with Apple Inc. to make and supply custom chips through 2031, according to a regulatory filing.

AUTOMOTIVE

Rivian Automotive Inc. was up 6.5% to $19.83 per share with a $27 billion market cap on Monday (Nasdaq: RIVN). Shares of the Irvine-based EV maker have grown 15% since raising its 2026 delivery guidance last Thursday when posting second quarter production and delivery results.

RETAIL

Tilly’s Inc. jumped 11% to $4.38 apiece with a $134 million market cap on Monday (NYSE: TLYS). Shares have almost quadrupled from the retailer’s 52-week low of $1.14 last November, driven by recent sales growth in the company’s past two quarters posted in March and June.

MARKETS/INDEXES

Nasdaq was up 1.3% to26,159.69 as investors bet technology stocks will benefit from AI, according to the Wall Street Journal.

–Emily Santiago-Molina

July 2

AUTOMOTIVE

Rivian Automotive Inc. jumped 11% to $19.08 apiece with a $25.6 billion market cap after its second quarter deliveries beat expectations. The Irvine-based EV maker today announced it produced 12,613 vehicles and delivered 12,194, beating its original projections of 9,000 to 11,000 units (Nasdaq: RIVN).

TECHNOLOGY

TTM Technologies dropped 14% to $154.55 a share, with an $16 billion market cap. Shares of the Santa Ana-based maker of printed circuit boards are still up four fold in the past year (Nasdaq: TTMI).

INDEXES

Nasdaq decreased 1.2% to 25,732.34.

Gold was up 1.4% to $4,139.70 per ounce.

Crude oil fell 1.2% to $67.79 per barrel.

–Yuika Yoshida

July 1

DEFENSE

Karman Holdings is up 9.7% to $54.70 a share with a $7.3 billion market cap. Shares rose after Citi reiterated its Buy rating and $76 price target, saying the Huntington Beach-based aerospace and defense company is well-positioned for a strong second quarter and long-term growth (NYSE: KRMN).

TECHNOLOGY

TTM Technologies dropped nearly 4% to $180.33 a share, with an $18.7 billion market cap. Shares of the Santa Ana-based maker of printed circuit boards have fallen 12% since its inclusion in the Russell 1000 Index last week (Nasdaq: TTMI).

Shares of Veritone Inc. rose 11% to $1.51 with a market cap of $141 million (Nasdaq: VERI). On Tuesday, the Irvine-based software company said the California Highway Patrol is using its AI-powered software to “to automate the redaction of sensitive information within digital evidence, significantly accelerating public records processing while protecting citizen privacy.”

HEALTHCARE

PMGC Holdings Inc. is up 9% to $1.32 a share with a $9 million market cap (Nasdaq: ELAB). Shares of the Newport Beach-based holding company rose after its subsidiary, NorthStrive Biosciences Inc., reported positive Phase III results from an AI-driven drug discovery program. The company said its experimental drug candidates increased production of a protein that could support future treatments aimed at preserving muscle.

MARKETS/INDEXES

Gold is up 1.46% to $4,097.30 an ounce.

Crude oil is down 1.74% to $68.29 a barrel.

–Nancy Luna

June 30

RETAIL

Tilly’s Inc. shares jumped 15% to $4.48, giving the company a market cap of $136.5 million (NYSE: TLYS). The Zacks Consensus Estimate for the Irvine-based youth apparel retailer’s current-year earnings has increased by 64.7% over the last 60 days.

AUTOMOTIVE

Indie Semiconductor Inc. shares rose 15% to $4.31, putting its market cap at $911 million (Nasdaq: INDI). The Aliso Viejo company, which makes automotive software, is trading at a 33% premium to its usual daily volume.

ENERGY

Shares of Clean Energy Fuels Corp. rose 8% to $2.04 with a market cap of $552.5 million (CLNE). The Newport Beach-based company, known for providing natural gas as an alternative fuel for vehicles, has seen its shares rise by 20% since June 23.

COMMODITIES

Crude oil fell 1.2% to $69.86 per barrel.

June 29

HEALTHCARE

RxSight Inc., the maker of lenses for cataracts, fell 4.5% to $5.12 apiece with a $208 million market cap (Nasdaq: RXST). The Aliso Viejo company’s volume on Monday was more than double the daily average at 1,897,572. 

AUTOMOTIVE

Rivian Automotive Inc. increased 7.3% to $16.77 apiece with a $22 billion market cap on Monday, despite recent reports of a U.S. safety probe into more than 100,000 of the automaker’s R1 vehicles (Nasdaq: RIVN). The Irvine-based EV maker also launched its newest R2 SUV this month. 

TECHNOLOGY

Viant Technology Inc. was up 11% to $13.04 apiece with a $827 million market cap (Nasdaq: DSP). Simply Wall St said on June 26 that a few analyst firms such as DA Davidson and B. Riley have raised their target prices for the digital ad software company in the past few months, which points to “refreshed confidence” and “ongoing support.” 

MARKETS/INDEXES

Nasdaq was up 1.7% to 25,724.88. 

Crude oil rose 2.4% to $70.87 a barrel. 

Gold was down 1.4% to $4,037.30 per ounce.  

EMPLOYMENT

Paper Mart, doing business as Frick Paper Company, in Orange will permanently close its facility on North Batavia Street by August 28, affecting 78 employees, according to workforce filings.

–Emily Santiago-Molina

June 26

TECHNOLOGY

TTM Technologies Inc. fell 5.8% to $198.44, with a market cap of $20.6 billion (NASDAQ: TTMI). The Santa Ana-based printed circuit board maker’s shares are down 10% since hitting a record high of $221.47 on June 22.

RESTAURANTS

Kura Sushi USA Inc. rose 5% to $57.65 per share, with a market cap of $700.3 million (Nasdaq: KRUS). The Irvine-based restaurant chain’s stock is up 12% since it announced a partnership with Singapore’s HoYoverse on Wednesday.

AUTOMOTIVE

Rivian Automotive Inc. is up 4.5% to $15.56, giving it a market cap of $20.8 billion (Nasdaq: RIVN). The Irvine electric-vehicle maker is trading at 47% below its typical volume at midday.

COMMODITIES

Crude oil dropped 3.7% to $69.27 a barrel.

— Joseph Pimentel

June 25

HEALTHCARE

Glaukos Corp. rose 4% to $143.14 per share and an $8.4 billion market cap. The Aliso Viejo-based medical device company today announced that it completed patient enrollment for its Phase 2 clinical study evaluating an investigational drug candidate for the treatment of chronic eyelid disease Demodex blepharitis (NYSE: GKOS).

TECHNOLOGY

Irvine-based WM Technology Inc., a provider of cannabis related information, fell 5% to 38 cents per share and a $66 million market cap after yesterday adjourning its annual stockholders meeting until July 16. The company postponed the meeting to give shareholders more time to vote on a proposal requiring annual elections for all directors (OTC: MAPS).

INDEXES

Crude oil was up 1.4% to $74.92 per barrel.

–Yuika Yoshida