May 29
May 28
HEALTHCARE
Evolus Inc. increased 6% to $6.55 apiece for a market cap of $431 million ahead of the Newport Beach-based aesthetics company participating in a fireside chat and investor meetings at the upcoming Jefferies Global Healthcare Conference in New York City on June 4 (Nasdaq: EOLS).
TECHNOLOGY
Irvine-based Lantronix, Inc., which offers Edge AI and IoT solutions, was up 19% to $8.60 and a market cap of $343 million. Volume of 3.2 million is more than quadruple its daily average of 743,000 (Nasdaq: LTRX).
AUTOMOTIVE
Rivian Automotive Inc. rose 2.7% to $15.10 and a $20.3 billion market cap. The Irvine-based EV maker yesterday announced that it will start delivering its newest R2 electric vehicles on June 9 (Nasdaq: RIVN).
INDEXES
Crude oil rose 1.36% to $89.89 per barrel.
EMPLOYMENT
North Chicago-based biopharmaceutical giant AbbVie Inc. is permanently laying off 85 employees at its Irvine campus, effective July 20, according to workforce filings.
–Yuika Yoshida
AEROSPACE
Karman Holdings Inc. rose 6% to $64.07 with a market cap of $8.5 billion. The Huntington Beach-based fabricator of defense and space systems is up 10% since reporting May 12 earnings, where revenue was up 51% to $151 million and net income turned positive at $8 million versus a loss a year ago. The stock is up 41% from a year ago (NYSE: KRMN).
May 26
AUTOMOTIVE
Indie Semiconductor Inc. shares rose 6% to $5.10, bringing its market cap to $1 billion (Nasdaq: INDI). The Aliso Viejo software developer for the automotive industry is trading at a volume above its usual level.
TECHNOLOGY
Shimmick Corp increased 5.4% to $3.90 per share, with a market cap of $143 million (Nasdaq: SHIM). The Irvine-based heavy civil construction and infrastructure engineering company’s shares remain 41% below their 52-week high of $6.76 on April 28.
MEDICAL DEVICE
Glaukos Corporation shares fell 5.6% to $113.30, giving it a market cap of $6.6 billion (Nasdaq: GKOS). The Aliso Viejo medical device company is trading 12% above its usual volume.
— Joseph Pimentel
May 22
MEDICAL DEVICE
Glaukos Corporation shares dropped 11% to $123.96, with a market cap of $7.2 billion (Nasdaq: GKOS). Analysts have reduced the Aliso Viejo medical device company’s consensus estimate to a second-quarter loss of 29 cents, down from a prior estimate of a 24-cent loss, according to Zacks Research.
AUTOMOTIVE
Indie Semiconductor Inc. shares rose 16.4% to $4.86, giving the company a market cap of $1 billion (Nasdaq: INDI). The Aliso Viejo chipmaker, which develops software for the automotive industry, is trading 11% above its usual daily volume. The website Insider Monkey today called Indie “one of the best semiconductor stocks to buy under $30.” Indie “can offer unparalleled sensing systems for the next‑generation autonomous machines,” including emerging applications like humanoid robots, the Insider Monkey article said. The stock has doubled since March.
TECHNOLOGY
Lantronix, Inc. shares increased 10% to $7.11, giving it a market cap of $282 million (Nasdaq: LTRX). Today’s trading volume for the Irvine-based company, which offers Edge AI and IoT solutions, is nearly double its daily average of 670,000.
— Joseph Pimentel
May 21
TECHNOLOGYÂ
Irvine’s Veritone Inc. rose 11% to $2.17 apiece and a $202 million market cap. Shares of the AI firm are up 5% since announcing the launch of a new feature to help recruiters promote hard-to-fill or urgent roles last week (Nasdaq: VERI).
AEROSPACE
Virgin Galactic Holdings Inc. increased 5.8% to $2.61 with a $272 million market cap. The Tustin-based space tourism company on May 14 said it’s on track to resume flight testing in the third quarter and spaceflight in the fourth quarter of this year (NYSE: SPCE).
INDEXES
Crude oil is up 2.2% to $100.44 per barrel.
–Yuika Yoshida
May 20
FRANCHISING
Shares of Xponential Fitness Inc. are up 8% to $5.22 with a market cap of $258 million. Earlier this week, Irvine-based fitness chain appointed restaurant industry veteran Danielle Porto Parra as president. (NYSE: XPOF)
RETAIL
Tilly’s Inc. dropped 7.1% to $4 apiece with a $123 million market cap. Shares of the Irvine-based retailer have been extremely volatile, with 69 moves greater than 5% over the last year, according to StockStory (Nasdaq: TLYS).
ADVERTISING:
Viant Technology dropped 4.7% to $10.43 apiece with a $684 million market cap (Nasdaq: DSP). The Irvine-based digital ad company announced today that it is giving advertisers more control over which news content their ads appear alongside on Connected TV through a new partnership with Ad Fontes Media, which provides reliability and political-bias ratings.
MARKETS/INDEXES
Nasdaq is up 1.12% to 26,160.72
Crude oil is down 5.69% to $104.95
May 19
RETAIL
Irvine-based Tilly’s Inc. surged 12% to $4.52 apiece with a $137 million market cap on Monday (NYSE: TLYS). Volume was well below the daily average of 1,430,255 at 177,184 during midday trading.Â
The youth apparel retailer is set to post fiscal first quarter results, for the period ended May 2, on June 3. One analyst is estimating revenue growth of 12.7% to $121 million.Â
AEROSPACE
Virgin Galactic Holdings Inc. fell 6.7% to $2.62 with a $258 million market cap (NYSE: SPCE). Analyst firm Jefferies on Sunday said on Sunday the space tourism company’s first quarter results showed progress with Virgin Galactic reopening ticket sales as it prepares for commercial service in the fourth quarter, The Fly reported. Jefferies has a target price of $5 with a “Buy” rating.
TECHNOLOGY
EACO Corp. jumped 10% to $107 apiece and a $520 market cap (OTC: EACO). The electronic components and fasteners distributor hit a new 52-week high of $109 per share during midday trading on Monday. Shares have risen 15% since reporting first quarter net sales grew 18% to $117 million on April 2.
MARKETS/INDEXES
Crude oil was up 1.4% to $102.40 a barrel.Â
–Emily Santiago-Molina
May 15
MANUFACTURING
Ducommun Inc. shares dropped 5.8% to $142.80, giving the company a market cap of $2.1 billion (NYSE: DCO). The Costa Mesa manufacturing and engineering firm is trading at about half its usual daily volume.
FRANCHISE
Xponential Fitness shares fell 5.5% to $4.81, putting its market cap at $236.5 million (NYSE: XPOF). The Irvine fitness studio franchisor’s stock has dropped 26% since its May 7 earnings report, which showed revenue of $60.7 million, down 21% from last year.
MARKETS/ INDEXES
The S&P 500 was down 1% to 7,427.73, while the Nasdaq dropped 1.2% to 21,099 at midday.
Crude oil rose 4% to $101 a barrel due to the ongoing conflict in the Middle East.
— Joseph Pimentel
May 14
HEALTHCARE
Irvine-based MDxHealth SA plunged 48% to $1.01 per share with a $52.8 million market cap. In yesterday’s first quarter earnings, the medical diagnostics company announced that it would discontinue its Resolve UTI offering and lab operations in Plano, Texas due to challenges with reimbursement (Nasdaq: MDXH).
Staar Surgical Co. was up 11% to $32.79 for a market cap of $1.6 billion after posting first quarter results yesterday. The Lake Forest-based eye lens maker yesterday reported revenue increased 120% to $93.5 million, exceeding the $77.4 million expected by analysts (Nasdaq: STAA).
Orange-based Alignment Healthcare, a Medicare Advantage provider for seniors, fell 7% to $17 for a market cap of $3.5 billion. Shares of Alignment are down more than 24% since reporting first quarter earnings on April 30. The company’s second-quarter revenue guidance ranged from $1.295 billion to $1.315 billion, with the low end falling short of analysts’ $1.31 billion average estimate (Nasdaq: ALHC).
RETAIL
Tillys Inc. rose 10% to $3.99 with a market cap of $122 million. Shares of the Irvine-based clothing company are up ahead of its first quarter results announcement scheduled for June 3 (NYSE: TLYS).
–Yuika Yoshida
