Dec. 12
MEDTECH
Inari Medical Inc. (Nasdaq: NARI) fell 5.3% to $55.15 and a $3.2 billion market cap. Shares of the Irvine-based maker of devices to remove blood clots are still up about 6% since announcing a joint venture with 6 Dimensions Capital and VFLO Medical to meet unmet needs in Greater China on Dec. 2.
ELECTRIC VEHICLES
Mullen Automotive (Nasdaq: MULN) rose 3.4% to $1.79 and a $16 million market cap. The Brea-based EV maker today announced that it’s subsidiary, Boiling Motors, has generated $4.1 million in nearly three months since beginning production of its first 25 B4 trucks.
MARKETS
The price of oil fell 1.44% to $69.28 per barrel.
Gold decreased 1.96% to $2,702.60.
–Yuika Yoshida
Dec. 11
AEROSPACE
Aerospace and defense component maker Ducommun Inc. (NYSE: DCO) is up 4.4% to $64.60 apiece with a market cap of $955 million. The Costa Mesa-based company announced earlier this week that it had been recognized by British defense-equipment manufacturer BAE Systems for its exceptional performance and commitment to operational excellence this year. BAE Systems’ Partner2Win program recognizes suppliers for their achievements in operations, quality and procurement.
BIOMEDICAL
Shares of CG Oncology Inc. (Nasdaq: CGON) are down 9.3% to $30.57 with a market cap of $2.1 billion. On Wednesday, the Irvine-based biomedical company proposed an underwritten public offering of 7.3 million shares of its common stock.
MARKETS
Crude oil is up 2% to $69.94 a barrel. The Nasdaq is up 1.7% to 20,016. Gold is up 1.3% to $2,753.40.
–Nancy Luna
Dec. 10
SEMICONDUCTORS
Broadcom Inc. (Nasdaq: AVGO), based in Palo Alto and the largest semiconductor employer in Orange County, fell 4% to $171.79 per share for a market cap of $799 million, after presenting 3.5D chip packaging technology to boost AI processor performance earlier today. Volume was half of daily average.
PHARMACEUTICAL
Irvine-based Aeon Biopharma Inc. (NYSE: AEON), a clinical-stage biopharmaceutical firm, fell 8.8% to 60 cents apiece for a market cap of $24 million. Volume was a third of the normal daily average; the shares have fallen in half in the last two months.
MARKETS
The price of gold rose 1.3% to $2,698.20.
–Kevin Costelloe
Dec. 9
AUTOMOTIVE
Irvine-based Rivian Automotive Inc. (Nasdaq: RIVN) surged 12% to $14.62 apiece and a $15 billion market cap. Analyst firm Benchmark initiated coverage of the local EV maker on Monday with a ‘buy’ rating and a price target of $18 – “about 38.5% above Friday’s closing price,” according to The Motley Fool.
Rivian also opened its second charging outpost in Joshua Tree over the weekend.
HEALTHCARE
CareTrust REIT Inc. (NYSE: CTRE) is off 2.4% to $28.63 per share with a market cap of $5.4 billion. The San Clemente-based firm has acquired a 46-facility skilled nursing and seniors housing collection, counting 3,820 beds, in the Midwest for approximately $97 million.
BMO Capital today downgraded CareTrust.
MARKETS
Oil rose 2% to $68.55 per barrel.
Gold increased 1% to $2,687.
The yield on a 10-year Treasury bond is up 1.06% to 4.195%.
–Emily Santiago-Molina
Dec. 6
APPAREL
Shares of Tilly’s Inc. (NYSE: TYLS) dropped 9.8% today with a market cap of $119.1 million. The Irvine-based clothing retailer said fiscal fourth quarter sales to date have been disappointing and it forecast a wider loss and lower sales than the two analysts covering the company were expecting.
TECHNOLOGY
Indie Semiconductor (Nasdaq: INDI) jumped 9.1% to $4.33 and a $788 million market cap. The shares are now up 13% in the past two trading sessions. The shares had dropped 5% on Dec. 4 because of a new private offering of convertible senior notes.
MARKETS
Crude Oil declined by 1.2% today to $67.47 per barrel.
–Parimal M. Rohit
Dec. 5
AUTOMOTIVE
Electric vehicle maker Rivian Automotive (Nasdaq: RIVN) rose 5.6% to $12.63 and a $13 billion market cap. Shares are up 9% since Rivian announced it received a loan of up to $6.6 billion from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan Program on Nov. 25.
Aliso Viejo-based Indie Semiconductor Inc. (Nasdaq: INDI) increased 4.8% to $4.00 per share for a market cap of $730 million. The automobile tech company yesterday announced the pricing of its $190 million convertible senior notes offering due 2029.
–Yuika Yoshida
Dec. 4
RESTAURANTS
Shares of Chipotle Mexican Grill are up 4.5% to $63.67 a piece with a market cap of $86.7 billion. On Wednesday, the company told the Business Journal that it is raising menu prices to offset inflation.
“For the first time in over a year, we have taken a modest price increase of approximately 2% nationally to offset inflation,” Laurie Schalow, chief corporate affairs officer, told the Business Journal in an email statement.
HEALTHCARE
Shares of Irvine-based CG Oncology, Inc. (Nasdaq: CGON) were up 3.7% to $36.20 a piece with a market cap of $2.4 billion. The late-stage clinical biopharmaceutical company is focused on developing and commercializing new ways to treat bladder cancer is hosting a conference call Thursday to discuss results from the Phase 3 BOND-003 trial of cretostimogene monotherapy in high-risk BCG-unresponsive non-muscle invasive bladder cancer.
Edwards Lifesciences Corp. (Nasdaq: EW) increased 4.5% to $73.34 with a market cap $43.3 billion. Orange County’s second largest publicly traded company held its annual shareholder conference today, where the maker of artificial heart valves detailed its strategy for sustained long-term growth and innovations in structural heart therapies. The company said it expects to close 2024 with projected sales growth of 8% to 10%.
Dec. 3
–Kevin Costelloe
Dec. 2
TECHNOLOGY
Irvine-based WM Technology Inc. (Nasdaq: MAPS) jumped 12% to $1.33 apiece and a $231 million market cap. Shares of the company, a technology provider for the cannabis industry, are up 86% since reporting third-quarter results on Nov. 12 that beat analyst forecasts.
RETAIL
Boot Barn Holdings Inc. (NYSE: BOOT) is up 5.8% to $145.06 per share with a market cap of $4.4 billion. However, shares of the Irvine-based apparel company are down 10% since reporting fiscal second-quarter results and the departure of CEO Jim Conroy on Oct. 28.
–Emily Santiago-Molina
