June 19
BIOTECH
NKGen Biotech Inc. (Nasdaq: NKGN) declined 7.8% to $1.19 and a $30 million market cap. For more on how the Santa Ana-based cancer researcher is tied to trading in South Korea, see this week’s issue of the Business Journal.
Virgin Galactic Holdings Inc. (NYSE: SPCE) fell 13% to $10.13 and a $208 million market cap. Since the Tustin-based provider of tourism space flights announced on June 12 that it would undergo a 1-for-20 reverse share split on June 17, the shares have fallen 41%.
                                                                                             –Peter J. Brennan

June 18

HEALTHCARE

Inari Medical Inc. (Nasdaq: NARI) rose 7.8% to $46.59 per share for a market cap of $2.7 billion. Shares in the Irvine-based provider of medical devices to remove clots from veins have risen 27% since a 52-week low of $36.73 on April 22.

SEMICONDUCTORS

Indie Semiconductor Inc. (Nasdaq: INDI) fell 3.6% to $6.59 apiece and a market cap of $1.1 billion. Shares in the Aliso Viejo-based maker of chips and related devices for the automobile market have fallen 13% since June 5.

INDEXES

The price for a barrel of oil rose 1.03% to $81.16.

                                                                                           –Kevin Costelloe
June 17
RETAIL
Xponential Fitness Inc. (NYSE: XPOF) jumped 25% to $14.14 apiece and a $679 million market cap. The Irvine-based fitness studio franchisor appointed Taco Bell’s former chief executive Mark King as CEO on Monday.
HEALTHCARE
Shares of San Clemente-based ICU Medical Inc. (Nasdaq: ICUI) are up 3.7% to $117.82 per share with a market cap of $2.9 billion. Analyst firm Raymond James upgraded the medical device maker to ‘outperform’ from ‘market perform’ with a $135 price target.
MARKETS
Crude oil rose 1.2% to $79.38 per barrel.
The yield on a 10-year bond increased 1.85% to 4.291%.
–Emily Santiago-Molina

June 14
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


 

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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.