June 17
HEALTHCARE
Oncology diagnostics firm Oncocyte Corp. (Nasdaq: OCX) increased 15% to $3.15 per share for a market cap of $90 million. The company announced today a rebranding and relocation of the company’s headquarters from Irvine to Nashville, Tenn.
June 16
AUTOMOTIV
Indie Semiconductor Inc. (Nasdaq: INDI) rose 8.6% to $3.47 with a market cap of $673 million. Shares of the Aliso Viejo-based semiconductor have more than doubled since April.
MORTGAGE
Irvine-based loanDepot Inc. (NYSE: LDI) was up 7.5% to $1.44 apiece with a $473 million market cap. However, the non-bank providers of mortgages is still down 19% since Chief Executive Frank Martell in March announced he would step down this month. Founder and Chairman Anthony Hsieh is serving as interim CEO until a successor is found.
MARKETS
The Nasdaq climbed 1.5% to 19,698.17 on hopes of de-escalation in the war between Israel and Iran, according to the Wall Street Journal.
Gold fell 1% to $3,417.
Oil was down 1.4% to $71.97 per barrel.
–Emily Santiago-Molina
June 13
FITNESS
Shares of Xponential Fitness Inc. (NYSE: XPOF) decreased 5.7% to $8.29 a piece with a market cap of $403 million. The Irvine-based fitness company fell dropped 29% over the past 12 months,falling from a 52-week high of $18.87 on Feb. 13.
RESTAURANTS
Buena Park-based Yoshiharu Global Co. (Nasdaq: YOSH) stock increased nearly 3% to $13.76 per share with a market cap of $24 million. The operator of Japanese ramen and rolls restaurants announced yesterday an executive reorganization, with Ji-Won Kim serving as sole chief executive and John Oh named as CFO. Yoshiharu shares are up nearly 270% for the past 12 months.
MARKETS
After the Israelis attacked Iran, the Dow fell 1.3% to 42,427.70 while crude oil climbed 6.6% to $72.28 a barrel and gold rose 1.4% to $3,338.90 per ounce.
–Parimal M. Rohit
June 12
AEROSPACE
Virgin Galactic Holdings Inc. (NYSE: SPCE) fell 3.6% to $3.07 and a $127.2 million market cap. Shares in the Tustin-based spaceflight company rose 5% last Friday on speculations of the government cutting funding to SpaceX, as reported by Investing.com.
FINANCE
Irvine-based loanDepot (Nasdaq: LDI) dropped 6.2% to $1.44 and a $473.4 million market cap. The company, one of the nation’s largest non-bank providers of mortgages, earlier this month announced that it issued $200 million in secured term notes.
INDEXES
The yield on a 10-year Treasury bond decreased 1.1% to 4.363%.
MARKETS
Gold rose 1.8% to $3,404.20 per ounce.
–Yuika Yoshida
June 11
TECHNOLOGY
Shares of Lantronix Inc. (Nasdaq: LTRX) rose 5% to $2.48 with a market cap of $96.4 million. The Irvine-based computer components maker performed live demos of its LM4 product, an AI-driven out-of-band management (OOBM) platform, at a Cisco Live event held June 9-12 in San Diego. The company’s stock, year-over-year, is down 40%.
MEDTECH
Glaukos (NYSE: GKOS) is up 5% to $100.36 apiece with a market cap of $5.7 billion. According to a June 11 Zack Equity Research report, there has been “increasing optimism among analysts lately about” the Aliso Viejo-based medical device maker’s earnings prospects, which has triggered analysts to revise EPS estimates higher.
RESTAURANTS
Chipotle Mexican Grill is up nearly 2% to $51.50 apiece with a market cap of $69.4 billion. Yesterday, Redburn Atlantic initiated coverage of Chipotle (NYSE: CMG) with a neutral rating and $55 price target. The firm said in a note to investors that “Chipotle remains the “standout” in U.S. restaurants, underpinned by superior unit economics, a higher-income customer base and continued throughput improvements,” according to financial data platform TipRanks.
INDEXES
Crude oil is up 2.6% to $66.64 a barrel.
–Nancy Luna
June 10
Despite today’s gain, the shares are down more than 30% so far this year due to uncertainty about the Federal Reserve cutting its benchmark interest rate.
–Kevin Costelloe
June 9
AEROSPACE
Virgin Galactic Holdings Inc. (NYSE: SPCE) jumped 11% to $3.55 with a market cap of $148 million. The Tustin-based spaceflight company is up after Keybanc analyst Michael Leshock wrote that other space stocks could benefit from any loss in support for Elon Musk’s SpaceX.
AGRICULTURE
Newport Beach-based American Vanguard Corp. (NYSE: AVD) fell 7.1% to $4.58 apiece with a $129 million market cap. The provider of products to protect crops on Friday cut its 2025 forecast of adjusted EBITDA from a range of $45 million to $52 million to between $40 million and $44 million. American Vanguard reported first quarter sales fell 14% to $116 million and a quarterly loss of 30 cents per share compared to earnings of 6 cents apiece a year ago.
–Emily Santiago-Molina
June 6
SEMICONDUCTORS
Indie Semiconductor Inc. (Nasdaq: INDI) was up 6% to $2.90 with a market cap of $564 million. The Aliso Viejo-based maker of automotive semiconductors has been trending upwards for the past two months, jumping 85% since trading at its 52-week low of $1.56 apiece on April 4.
SOFTWARE
Shares of WM Technology Inc. (Nasdaq: MAPS) increased by nearly 3% to $1.11 with a market cap of $190 million. The Irvine-based software company that specializes in digital maps for the cannabis industry is up 57% since hitting a 52-week low of 71 cents on Nov. 12.
MARKETS
The 10-year bond is up more than 2% to 4.49% and oil increased nearly 2% to $64.53 per barrel.
–Parimal M. Rohit
June 5
RETAIL
Tilly’s Inc. (NYSE: TLYS) rose 9% to $1.46 with a market cap of $46 million following yesterday’s first quarter results. Despite revenue of $107.6 million missing analysts’ expectations, its second quarter outlook of $150 million to $158 million is above the $147.2 million midpoint expected by analysts.
DENTAL
Sonendo Inc. (OTC: SONX) fell 16% to $1.10 and a $470,000 market cap. The Laguna Hills maker of dental equipment yesterday reported that first quarter revenue increased 5% to $7.4 million. The company has been undergoing a financial restructuring since being delisted from the New York Stock Exchange in 2023.
DEFENSE
Karman Space & Defense (NYSE: KRMN) rose 6.1% to $45.82 apiece with a market cap of $6 billion. Tony Koblinski, chief executive of the Huntington Beach-based defense company, is speaking today at the William Blair 45th Annual Growth Stock Conference.
–Yuika Yoshida
June 4
TECHNOLOGY
Broadcom Inc. (Nasdaq: AVGO) is up about 1.2% to $260 with a market cap of $1.2 trillion. Shares of the Palo Alto-based chipmaker, with offices in Irvine, have soared in recent days and are up 97% from a year ago. This week, the company shipped its Tomahawk 6 switch chips, which have double the bandwidth of Ethernet switches. The company is set to report earnings Thursday, June 5. Analysts expect the company to report a 20% increase in year-over-year revenue to about $15 billion.
BANKING
Shares of CW Bancorp (OTCQX: CWBK) are up nearly 3% to $33.62 apiece with a market cap of $100.3 million. The Irvine-based parent of CommerceWest Bank declared this week a cash dividend of 23 cents per common share, payable July 1 to shareholders who own stock as of June 16.
INDEXES
The yield on a 10-year Treasury bond decreased 2.4% to 4.36%.
Crude oil is down 1.3% to $62.60 a barrel.
EMPLOYMENT
- Earl of Sandwich Tavern Restaurant at Downtown Disney is laying off 167 employees due to a permanent closure, according to a Worker Adjustment and Retraining Notification (WARN) letter sent to state employment officials on May 29. The layoffs are occuring over a 14-day period starting July 28 and ending around August 10.
The Anaheim restaurant space is slated to become a Porto’s Bakery. - Alticor Inc. is laying off 26 workers due to the shutting down of its Buena Park facility at its 5600 Beach Blvd. effective June 12, according to a WARN notice.
- All-Rite Leasing Inc. is laying off 111 employees at its 950 South Coast Drive facility in Costa Mesa due to a permanent closure effective July 29, according to a WARN notice.
–Nancy Luna
June 3
June 2
RETAIL
Irvine-based Tilly’s Inc. (NYSE: TLYS) jumped 14% to $1.64 with a market cap of $50 million ahead of the company’s fiscal first quarter report on Wednesday, June 4. Two analysts are estimating fiscal Q1 revenue of $108.2 million, down 6.6% from the year before, for the youth apparel retailer.
Volume was 11 times more than the average.
HEALTHCARE
Evolus Inc. (Nasdaq: EOLS) rose 6.1% to $9.75 apiece with a $630 million market cap. The Newport Beach maker of beauty products was recovering from last week’s decline of 6.3% after announcing Chief Financial Officer Sandra Beaver’s departure on May 27.
MARKETS
Gold rose 2.5% to $3,397.
Oil is up 3.8% to $63.12 per barrel.
–Emily Santiago-Molina
May 30
RESTAURANTS
Shares of El Pollo Loco Holding Inc. (Nasdaq: LOCO) rose nearly 5.5% to $10.26 each with a market cap of about $310 million. An SEC filing by CapitalSpring, which owns an active 5.2% stake in the Costa Mesa-based fast-food chain, shows the firm plans to discuss El Pollo Loco’s future and potentially bring in buyers.
AEROSPACE
Virgin Galactic Holdings Inc. (NYSE: SPCE) dipped by 6% to $3.17 apiece with a market cap of $131 million. Shares of the Tustin-based aerospace company have been in decline since Tuesday, when its competitor, SpaceX, experienced a rocket test failure. Virgin Galactic stock has dropped by 82% over the past 12 months.
INDEXES
Nasdaq dropped nearly 1.6% to 18,873.74.
–Parimal M. Rohit
May 29
FRANCHISE
Xponential Fitness Inc. (NYSE: XPOF) rose 3.8% to $9.08 apiece and a $440.2 million market cap. Shares in the Irvine-based fitness studio franchisor are up ahead of its analyst and investor day today, which will feature presentations from management including CEO Mark King, who recently announced his intention to retire.
AEROSPACE
Virgin Galactic Holdings Inc. (NYSE: SPCE) fell 1.2% to $3.38 per share with a market cap of $140.8 million. Shares of the Tustin-based spaceflight company have fallen about 5% since Tuesday when it was announced that Elon Musk’s SpaceX launched its ninth rocket test flight, which ended in a failure.
INDEXES
The yield on a 10-year Treasury bond decreased 1% to 4.432%.
MARKETS
Crude oil fell 1.2% to $61.08 per barrel.
–Yuika Yoshida
