July 17
TECHNOLOGY
Veritone Inc. (Nasdaq: VERI) jumped 11% to $2.21 per share with a market cap of $104.8 million. The provider of enterprise AI solutions, which began in Costa Mesa and is now based in Denver, today announced that it has achieved “Awardable” status by the Platform One Solutions Marketplace, making its technologies accessible to Department of Defense customers.
Lantronix Inc. (Nasdaq: LTRX) is up 2.4% to $3.20 and a $124.6 million market cap. The Irvine-based computer components maker today launched a new industrial-grade 5G router. The company said the product launch is a direct result of its $6.5 million acquisition of NetComm Wireless last year.
Mobix Labs Inc. (Nasdaq: MOBX) went up 8.8% to 83 cents and a $42 million market cap. The Irvine-based chipmaker startup announced that its subsidiary, EMI Filer Solutions, experienced a sharp uptick in high-value production orders during the second quarter.
AUTOMOTIVE
Rivian Automotive Inc. (NYSE: RIVN) rose 6% to $13.13 with a $15.7 billion market cap. The Irvine-based EV maker yesterday held a groundbreaking ceremony for a new 28,000-square-feet service center in Quebec. Rivian’s new R2 model is set to launch in Canada in 2026.
AEROSPACE
Tustin-based space tourism company Virgin Galactic Holdings Inc. (NYSE: SPCE) rose 16% to $3.76 and $156.5 million market cap. Share volume of 13.5 million was three times the daily average.
INDEXES
Crude oil increased 1.2% to $67.20 per barrel.
–Yuika Yoshida
July 16:
AEROSPACE
Karman Holdings Inc. (NYSE: KRMN) is up 9% to $52.61 apiece with a market cap of $7 billion. Shares of the Huntington Beach-based fabricator of defense and space systems are up nearly 13% since its stock was highlighted by Jim Cramer last week. The popular CNBC personality and former hedge fund manager said “the missile story is good” with companies like Karman making a lot of people money. Karman went public in February.
RESTAURANTS
Shares of Yoshiharu Global Co. (Nasdaq: YOSH) fell 5.2% to $7.51 with a market cap of $13.2 million. The Japanese ramen chain announced yesterday a rebrand under the new name Vestand Inc., reflecting the company’s shift to pursue restaurant real estate development and digital asset ventures. The chain, whose ticker symbol is expected to change, also moved its headquarters from Buena Park to Brea.
–Nancy Luna
July 15
July 14
TECHNOLOGY
Eledon Pharmaceuticals Inc. (Nasdaq: ELDN) jumped 17% to $3.99 apiece with a market cap of $239 million. Volume was up almost four times more than the average. Shares of the Irvine-based biotechnology firm have increased 47% in the past month.
Zacks Equity Research gave the company a #1 ranking and said it “possesses a Momentum Score of A.”
AUTOMOTIVE
Shares of Irvine-based Rivian Automotive Inc. (NYSE: TLYS) fell 2.8% to $12.66 with a $15 billion market cap. Analyst firm Guggenheim downgraded the EV maker from ‘buy’ to ‘neutral’ on Monday without setting a price target. The report cited “softer long-term R2/R3 assumptions” and “negative U.S. Electric Vehicle and Emissions policy changes.”
MARKETS
Oil was down 1.5% to $67.39 per barrel.
EMPLOYMENT
- Activision Blizzard reported it was laying off 73 employees from Blizzard’s headquarters in Irvine, according to the latest Worker Adjustment and Retraining Notification (WARN) report.
–Emily Santiago-Molina
July 11
AEROSPACE
Shares of Karman Holdings Inc. (NYSE: KRMN) were up 2.9% to $48.80 with a market cap of $6.4 billion. The Huntington Beach-based fabricator of defense and space systems was one of 13 stocks highlighted by Jim Cramer this week, with the television personality and former hedge fund manager saying Karman is “making a lot of people a lot of money.” Shares have almost doubled since the company went public in February. See the July 14 print issue for more on the company.
MEDTECH
Staar Surgical Co. (Nasdaq: STAA) was down 2.9% to $17.29 a piece with a market cap of $856 million. Anthony Lee, a senior equity analyst for StockStory, recommended selling shares of the Lake Forest-based maker of implantable eye lenses, citing eroding capital returns and a 27% drop in cash flow margin.
INDEXES
Gold was up 1.2% to $3,367 per ounce. Crude oil increased 2.8% to $68.41 per barrel.
–Parimal M. Rohit
July 10
DENTAL
Envista Holdings Corp. (NYSE: NVST) rose 2.8% to $20.94 and a $3.5 billion market cap. Shares are now up 47% since a 52-week low in April. The Brea-based maker of dental products has scheduled its second quarter earnings call for July 31. Analysts on average are estimating $638.2 million in revenue, implying flat growth from a year ago.
FINANCE
First American Financial Corp. (NYSE: FAF) fell 8% to $55.10 and a market cap of $5.6 billion. Shares in the Santa Ana-based title insurer are down after Barclays analyst Terry Ma lowered the firm’s price target on the stock from $72 to $70.
RESTAURANTS
Chipotle Mexican Grill Inc. (NYSE: CMG) increased 2% to $57.01 and a $76.8 billion market cap. The Newport Beach-based restaurant chain is expected to post better-than-expected second quarter results on July 23, according to MT Newswires.
INDEXES
Crude oil fell 2.6% to $66.63 per barrel.
–Yuika Yoshida
July 9:
MEDTECH:
RxSight Inc. (Nasdaq: RXST) fell 38% to $7.95 and a $327 million market cap. The Aliso Viejo maker of implantable eye lenses yesterday forecast 2025 sales of $120 million to $130 million, below the prior guidance for $160 million to $175 million; analysts expected $167.6 million.
FINANCE:
Irvine-based loanDepot (NYSE: LDI), one of the nation’s largest non-bank providers of mortgages, is up 4% to $1.45 apiece with a market cap of $476.7 million. On Wednesday, the Mortgage Bankers Association reported a 9.4% increase in mortgage applications for the week ended July 4. Mortgage rates also moved lower last week, with the 30-year fixed rate decreasing to 6.77%, its lowest level in three months, the association said.
MEDTECH:
Shares of Evolus Inc. (Nasdaq: EOLS) increased 6.6% to $9.87 apiece with a market cap of $636.4 million. The Newport Beach maker of facial injections announced today that it is launching in France its product Nuceiva, a treatment used to temporarily reduce the appearance of deep frown lines between the eyebrows, through a partnership with Symatese.
RESTAURANTS
Shares of sushi restaurant chain Kura Sushi (NASDAQ:KRUS) fell nearly 12% to $76.44 with a market cap of $923.8 million. The Irvine-based chain reported yesterday guest traffic decline of 2.9%, which drove same-store sales to drop by 2.1% for the quarter.
INDEXES:
The yield on a 10-year Treasury bond declined 1.1% to 4.4%.
–Nancy Luna
July 8
SEMICONDUCTORS
Aliso Viejo-based Indie Semiconductor (Nasdaq: INDI) rose 8.3% to $3.84 per share for a market cap of $747 million, regaining ground after yesterday’s drop. A PWC report said that by 2035, a third of global semiconductor production could face significant disruptions due to climate change-related copper supply shortages. Disruptions could have the effect of raising chip prices.
TECH DISTRIBUTION
Tech and electronics distributor Ingram Micro (NYSE: INGM) was up 1.4% to $20.48 per share for a market cap of $4.8 billion, after declining 8% yesterday following disclosure of a ransomware attack against the Irvine-based company.
MARKETS
The price for a barrel of oil increased 1.1% to $68.69.
—Kevin Costelloe
July 7TECHNOLOGY
Indie Semiconductor Inc. (Nasdaq: INDI) dropped 5.4% to $3.53 per share with a market cap of $692 million. Investment management firm Frontier Capital Management said in a Q1 letter released on Monday that the semiconductor maker “was the worst performer” in its technology stock selection citing tariff uncertainty.
Frontier added that indie “remains a potential acquisition candidate if an industry slowdown persists.”
RESTAURANTS
Irvine-based Kura Sushi USA Inc. (Nasdaq: KRUS) fell 5.5% to $85.76 apiece with a $1 billion market cap. Ahead of the restaurant chain’s fiscal third quarter results to be released on July 8, the general analyst consensus is a loss of 1 cent per share and 14% growth to $71.8 million in Q3 revenue.
StockStory reported that the expected jump is “slowing from the 28.1% increase it recorded in the same quarter last year.”
FRANCHISE
Shares of Xponential Fitness Inc. (NYSE: TLYS) decreased 11% to $8.94 with a $436 million market cap, following a 32% surge last Thursday. The Irvine-based fitness studio franchisor announced last week that the SEC concluded its 18-month investigation with no action taken.
For more on Xponential, see the July 14 issue of the Business Journal.
INDEXES
The S&P 500 fell 1% to 6,221.28, the Dow 30 decreased 1.1% to 44,316.85 and the Nasdaq is down 1% to $20,405.10 during midday trading. President Trump announced a 25% tariff on all Japanese and Korean goods, effective August 1.
Oil is up 1.3% to $67.88 per barrel.
–Emily Santiago-Molina
July 4
The Nasdaq and the New York Stock Exchange are closed today in observance of Independence Day and will reopen Monday, July 7. The U.S. bond market is also closed today, according to the Securities Industry and Financial Markets Association.
–Parimal M. Rohit
July 3
ELECTRONICS
EACO Corp. (OTCPK: EACO) rose 28% to $53.88 and a $262 million market cap. The Anaheim-based electronics distributors on July 1 reported record quarter net sales of $111.4 million and net income of $9.5 million for the three months ended May 31, 2025.
FITNESS
Xponential Fitness (NYSE: XPOF) jumped 32% to $9.85 and a $478.6 million market cap. Shares in the Irvine-based fitness company are up after yesterday’s announcement that the SEC concluded its 18-month investigation into Xponential with no action taken.
INDEXES
The Nasdaq is up 1% to 20,612.37 as investors embraced a stronger than expected jobs report today.
–Yuika Yoshida
