LoanDepot
Mortgage company counts about 4,000 employees in OC

 

Sept. 13

MORTGAGES

LoanDepot Inc. (NYSE: LDI) shares climbed 14%, to $2.59, with a market cap of $841 million. LDI posted its first up day after three straight trading sessions where they fell 11%.

RETAIL

Shares for Tillys (NYSE: TLYS) jumped 6.5% to $5.15 and a $155 market cap on news that company co-founder and executive chairman Hezy Shaked was named permanent CEO, following the retirement of Ed Thomas.

MARKETS

Gold rose 1.2% to $2,613 an ounce.

-Parimal M. Rohit

Sept. 12

HEALTHCARE

NKGen Biotech Inc. (Nasdaq: NKGN) climbed 8% to 84 cents and a $22 million market cap. The Santa Ana-based cancer researcher today announced positive data from Phase 1/2a of a clinical trial for its Alzheimer’s Disease treatment.

RESTAURANTS

Kura Sushi USA Inc. (Nasdaq: KRUS) rose 6% to $74.56 and a $837.7 million market cap. The Irvine-based conveyor belt sushi chain today met with institutional investors at Benchmark’s 2nd Annual Consumer One-on-One Conference in New York.

MARKETS

Crude Oil rose 2.79% to $69.19 a barrel.

Gold is up 1.55% to $2,581.80 an ounce.

The yield on a 10-year bond increased 0.88% to 3.685%.

-Yuika Yoshida

Sept. 11

INSURANCE
Alignment Healthcare Inc. (Nasdaq: ALHC) jumped 11% to $10 a share and a $1.9 billion market cap. John Kao, chief executive of the provider of Medicare Advantage plans, today presented at the Baird Global Healthcare Conference.
FITNESS
Xponential Fitness Inc. (NYSE: XPOF) fell 8.6% to $12.69 and a $614 million market cap.  Mark King, chief executive of the fitness chain, gave a presentation yesterday at the Piper Sandler Growth Frontiers Conference.
MARKETS
Crude oil rose 2.9% to $67.88 a barrel.
                                                                                                        –Peter J. Brennan

 

Sept. 10

PHARMACEUTICALS

Shares in Avid Bioservices Inc.  (Nasdaq: CDMO), a Tustin-based contract drug maker, rose 17% to $10.50 apiece for a market cap of $670 million. The company yesterday reiterated fiscal 2025 revenue of $160 million to $168 million for a midpoint that topped the average analyst expectation for $162.8 million.

Irvine-based Eledon Pharmaceuticals Inc. (Nasdaq: ELDN,) increased 8.5% to $2.68 per share for a market cap of $106 million. It was the first day up after seven straight declining trading sessions. Trading volume was a fourth of normal.

MARKETS

The price for a barrel of oil sank 4.5% to $65.60.

Yield on a 10-year Treasury bond was down 1.1% at 3.66%.

                                                                      –Kevin Costelloe

—

Sept. 9

TECHNOLOGY

Costa Mesa-based MeridianLink Inc. (NYSE: MLNK) rose 4.9% to $23.70 per share with a market cap of $1.8 billion. Shares of the financial software provider are up 42% since May 13.

RETAIL

Shares of Tilly’s Inc. (NYSE: TLYS) grew 4.8% to $4.76 apiece and a $143 million market cap. Shares rebounded after the Irvine-based retailer had fallen 4.4% on Sept. 6 after reporting fiscal Q2 results that missed expectations.

INDEXES

The S&P 500 rose 1.3% to 5,477.24, the Dow 30 increased 1.5% to 40,962.27 and the Nasdaq is up 1.2% to 16,882.41 during midday trading after the S&P suffered its worst week in more than a year and the Nasdaq had its worst week since 2022, according to Dow Jones.

Oil is up 1.4% to $68.59 per barrel.

–Emily Santiago-Molina

September 6
SEMICONDUCTORS
Shares of Broadcom Inc. (NASDAQ: AVGO) fell 9.3% to $138.63 and a $651 billion market cap. The Palo Alto-based company, which was headquartered in Irvine for decades and still has more than 1,000 employees locally, yesterday forecast fourth-quarter revenue that disappointed investors.
PHARMACEUTICALS
Irvine-based pharmaceutical maker Tarsus Pharmaceuticals Inc. (NASDAQ: TARS) increased 9.4% to $29.87 and a $1.1 billion market cap. Shares are up 27% since Aug. 8 when the maker of medicine to treat mites in eyes reported second-quarter results.
MARKETS
After a report that the U.S. added fewer jobs than expected, the S&P 500 declined 1.76% to 5,406.80 while the Nasdaq was off 2.5%
Crude oil decreased 2.6% to $67.36 a barrel.

Sept. 5

HEALTHCARE

Tarsus Pharmaceuticals Inc. (Nasdaq: TARS) fell 4% to $27.74 and a $1 billion market cap. Volume was 160,000, nearly a fifth of the daily average. The Irvine-based maker of medication to treat mites in the eyes yesterday presented at the Wells Fargo Securities Healthcare Conference.

BIOPHARMA

Eledon Pharmaceuticals Inc. (ELDN) decreased 4% to $2.49 and a $99.9 million market cap. Shares in the Irvine-based biopharmaceutical firm are now down 6.7% in two trading sessions since announcing it’s completed enrollment for Phase 2 of its Bestow clinical trial. Volume of 56,000 was half the daily average.

MARKETS

Crude oil was up 0.6% to $69.63 per barrel.

–Yuika Yoshida
Sept. 4
FINANCIAL SERVICES
Santa Ana-based First American Financial Corp. (NYSE: FAF) climbed 3.5% to $65.94 and a $6.7 billion market cap. Keefe Bruyette late yesterday raised the target price by $6 to $72 based on the benefits of expected lower interest rates in the next two years. Zacks Equity Research also noted in a Sept. 2 report that the financial services company’s dividend is yielding 3.32%, compared with the Insurance-Property and Casualty industry’s yield of 0.17% and the S&P 500’s yield of 1.54%. First American earlier today hit a 52-week high.
BIOPHARMA
Eledon Pharmaceuticals Inc. (ELDN) fell 5.1% to $2.609 and a $103 million market cap. The Irvine-based biopharmaceutical firm today announced it has successfully completed enrollment for its Phase 2 clinical trial to assess the safety and efficacy of its tegoprubart immunosuppression therapy for the prevention of organ rejection in patients undergoing kidney transplantation.
MARKETS

The yield on a 10-year bond declined 1.43% to 3.791%.

September 3

SEMICONDUCTORS
Aliso Viejo-based Indie Semiconductor (Nasdaq: INDI) fell 8% to $3.82 per share, near a 52-week low,  for a market cap of $657 million. Company officials today were taking part in a KeyBank Non-Deal Roadshow today in New York City.
AEROSPACE
Tustin-based Virgin Galactic Holdings slid 9% to $6.09 per share for a market cap of $173 million, dropping from $49 apiece at the start of the year.
MARKETS
Major stock indexes fell on growing signs of an economic slowdown.
–S&P 500 down 1.4% to 5,567.65
–Dow 30 dropped 1.1% to 41,109.55
–Nasdaq decreased 2.4% to 17,280.75
The price for a barrel of oil  fell 3.9% to $70.67
The yield on a 10-year Treasury bond was down 1.6% to 3.85%
                                                                      –Kevin Costelloe
—
August 30
INFRASTRUCTURE
Irvine-based water solutions provider Shimmick Corp. (NASDAQ: SHIM) climbed 5.3% to $3 and a $101 million market cap. Volume was 5,700 compared to the daily average of 1 million. Shares are up 31% since Aug. 16 when they hit a low of $2.29.
REAL ESTATE
Irvine-based real estate developer FivePoint Holdings LLC (NASDAQ: FPH) increased 2.8% to $3.28 and a $487 million market cap. Shares are up 11% since Aug. 7 on hopes of The Federal Reserve cutting interest rates.
MARKETS
Crude oil decreased 2.24% to $73.67 a barrel.
Gold is down 1.07% to $2,533.00 an ounce.

August 29

HEALTHCARE

Shares in Tarsus Pharmaceuticals Inc. (Nasdaq: TARS)  rose 5.4% to $28.02 apiece for a market cap of $1.1 billion. The stock is up 28% since Aug. 5 when the Irvine-based company reported second-quarter  results that topped expectations. Today’s trading volume is a fifth of the daily average.

SEMICONDUCTORS

Shares in Indie Semiconductor (Nasdaq: INDI) surged 6.8% to $4.16 apiece for a market cap of $746 million, rebounding yesterday’s slump that came as company took part in the Deutsche Bank 2024 Technology Conference. Today’s trading volume in the automobile-tech focused company in Aliso Viejo is a third of the daily average.

MARKETS

The S&P 500 rose 0.9% to 5,641.44.

Dow 30 up 1.1% to 41,553.20.

Nasdaq climbed 1.1% to 17,752.59.

The price for a barrel of oil increased 1.5% to $75.63.

–Kevin Costelloe

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