BioLargo's Westminster HQ
HEALTHCARE
Tarsus Pharmaceuticals Inc. (Nasdaq: TARS) slipped 8.2% to $30.43 a share and a $1.2 billion market cap. CEO Bobak Azamian and CFO Jeff Farrow of the Irvine-based maker of eye mite treatments on June 10 participated in a “fireside chat” at the Goldman Sachs Global Healthcare Conference.
TECHNOLOGY
BioLargo Inc. (OTC: BLGO) fell 10% to 27 cents a share and an $81 million market cap. The Westminister-based developer of sustainable technologies on June 12 made a presentation at Sidoti & Company’s Small-Cap Conference.
MARKETS
Gold rose 1.2% to $2,345 an ounce.
–Kaitlin Aquino

June 13

AEROSPACE

Virgin Galactic Holdings (NYSE: SPCE) fell 13.8% to 73 cents and a $302 million market cap. The Tustin-based space tourism company yesterday announced plans for a 1-for-20 reverse stock split of the company’s common shares.

HEALTHCARE

Tustin-based Avid Bioservices Inc. (Nasdaq: CDMO) decreased 8% to $6.99 and a $445 million market cap. Shares in the contract drug manufacturer are down 25% since May 20 when they reached $9.35.

INDEXES

Gold dropped 1.8% to $2,313 an ounce.

–Yuika Yoshida


June 12

TECHNOLOGY

Irvine-based semiconductor maker Skyworks Solutions Inc. (Nasdaq: SWKS) climbed 6.3% to $102.25 and a $16.4 billion market cap. Semiconductor stocks as a group rose today on investor beliefs that cooling inflation could lead to the Federal Reserve cutting its benchmark interest rate and sparking consumer demand.

BIOTECH

NKGen Biotech Inc. (Nasdaq: NKGN) fell 6.9% to $1.31 and a $33 million market cap. CEO and Chairman Paul Song is scheduled to make a presentation during the 6th Annual Allogeneic Cell Therapies Summit that’s starting today in Boston. Trading of the Santa Ana-based cancer researcher is often tied to its founder in South Korea. For more information, see the June 17 issue of the Business Journal.

MARKETS

After a better-than-expected inflation report, the S&P 500 climbed 1.1% to 5433.28 while the Nasdaq was up 1.7% to 17,645.73.

Gold increased 1.5% to $2,353 an ounce.

The yield on a 10-year bond declined 3.361% to 4.256%.

                                                                                                       –Peter J. Brennan


June 11

AEROSPACE

Satellite maker Terran Orbital Corp. (NYSE: LLAP), with the majority of its operations in Irvine, surged 16% to 85 cents per share for a market cap of $171 million. The trading passed the daily volume of 4.2 million shares. The stock is still down more than 40% in the past two months.

SEMICONDUCTORS

Irvine-based chip company Mobix Labs Inc. (Nasdaq: MOBX) rose 4.8% to $1.96 per share for a market cap of $60 million. The company yesterday issued a mid-quarter update forecasting that revenue will surpass $2 million in the current three-month period, for a more than 70% revenue increase QoQ.

–Kevin Costelloe


June 10

RETAIL
Tilly’s Inc. (Nasdaq: TLYS) declined 5.4% to $5.32 apiece and a $160 million market cap. Analyst firm Roth Capital lowered its target price for the Irvine-based youth apparel retailer from $7.50 to $6 following Tilly’s first quarter results on June 6.
FINANCE
Shares of Irvine-based Resources Connection Inc. (Nasdaq: RGP) are down 4.1% to $10.55 per share with a market cap of $356 million. The management consulting firm is being replaced in the S&P SmallCap 600.
MARKETS
Crude oil rose 2.5% to $77.39 per barrel.
–Emily Santiago-Molina

June 7

RETAIL

Tilly’s Inc. (NYSE: TLYS) slipped 4.8% to $5.52 a share and a $166 million market cap. The Irvine-based youth clothing retailer yesterday reported $20.8 million in first-quarter operating losses, or 17.9% of net sales.

“Our business continues to face many headwinds from the macro environment, but we believe we are making progress on improving our product margins and driving greater customer engagement through our marketing efforts,” Interim CEO Hezy Shaked said in a statement.

HEALTHCARE

Evolus Inc. (Nasdaq: EOLS) fell 5.6% to $11.71 a share and a $733 million market cap. Shares in the Newport Beach-based maker of Jeavaeu, a competitor of Allergan’s Botox, are still up 66% since their 52-week low last July.

INDEXES

Gold dropped 2.6% to $2,328 an ounce.

The yield on a 10-year Treasury bond rose 3.3% to 4.220%.

–Kaitlin Aquino


June 6

MORTGAGES

loanDepot, Inc. (NYSE: LDI) dropped 7% to $2.09 and a $676 million market cap. In the week prior to today, shares of the Irvine-based mortgage lender had surged 28%.

FITNESS

Shares of the Irvine-based Xponential Fitness Inc (NYSE: XPOF) are up 14% to $11.25 with a $540 million market cap. The fitness boutique franchisor yesterday made a presentation at the Baird 2024 Global Consumer, Technology & Services Conference in New York.

                                                                                                    — Raymond Dinh

June 5

MORTGAGES
Irvine-based loanDepot Inc. (NYSE: LDI) jumped 13% to $2.09 and a $673 million market cap. Shares of the provider of mortgages are now up 21% in the past week.
DEVELOPER
Five Point Holding LLC (NYSE: FPH) rose 4.2% to $3.24 and a $482 million market cap. Shares of the Irvine-based developer of the Great Park are now up 52% since a 52-week low of $2.13 in November.
MARKETS
The Nasdaq climbed 1.3% to 17,083.92.
Gold was up 1% to $2,371 an ounce.
                                                                                            –Peter J. Brennan

June 4

ENVIRONMENT

Montrose Environmental Group Inc. (NYSE: MEG) fell 5% to $44.32 per share for a market cap of $1.5 billion. The company’s CEO and CFO are speaking today at the William Blair conference. The company’s major executives and operations are still in Irvine, though the headquarters are listed as Little Rock, Ark.

HEALTHCARE

Lake Forest-based medical device maker STAAR Surgical Co. (NASDAQ: STAA) fell 3.6% to $39.99 per share for a market cap of $2 billion. The shares are down 23% since April 9 following the release of preliminary first quarter results.

INDEXES

The price for a barrel of oil fell 1.6% to $73.

The yield on a 10-year Treasury bond was down 1.3% at 4.34%.

 

                                                                                          –Kevin Costelloe


June 3

HEALTHCARE
CG Oncology Inc. (Nasdaq: CGON) rose 9.7% to $35.74 apiece and a $2.4 billion market cap. The Irvine-based biopharmaceutical firm last week presented final results of the phase 2 clinical trial of its oncolytic immunotherapy candidate, cretostimogene at this year’s American Society of Clinical Oncology annual meeting.
Shares are now up around 40% since May 13 when Goldman Sachs upgraded its rating from Neutral to Buy.
RETAIL
Shares of Irvine-based Boot Barn Holdings Inc. (NYSE: BOOT) are up 3.4% to $122.98 with a market cap of $3.7 billion. The Western wear retailer earlier today hit its 52-week high of $125.94 per share.
INDEXES
The Dow 30 fell 1.1% to 38,275.40 during midday trading.
Crude oil declined 3.4% to $74.33 per barrel.
The yield on a 10-year bond decreased 2.39% to 4.406%.
–Emily Santiago-Molina

May 31
ELECTRIC VEHICLES
Mullen Automotive Inc. (NASDAQ: MULN) jumped 19% to $4.65 and a $53 million market cap. The Brea-based EV maker today announced the appointment of Alain Van Munster as Vice President of Europe Middle East and Africa (EMEA). Munster counts over 25 years of experience in the automotive and fleet industries across Europe, Asia, and South America.
HEALTHCARE
Oncocyte Corp. (NASDAQ: OCX) rose 9.4% to $2.90 and a $39 million market cap. The Irvine-based designer of lung cancer tests yesterday announced positive data regarding its VitaGraft Kidney product in New England Journal of Medicine. “We congratulate the research teams on this groundbreaking study and its potential to lead to a treatment option for kidney transplant patients suffering from AMR around the world,” CEO Josh Riggs said.
INDEXES
The Nasdaq decreased 1.4% to 16,499.24.
The yield on a 10-year bond decreased 1.1% to 4.505%.

                                                                                                            –Raymond Dinh

 

 

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Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.