The biggest local gainer in Wall Street’s dramatic rebound Monday: Santa Ana-based Advanced Medical Optics Inc.
The maker of eye surgery products and contact lens solutions surged more than 40% Monday on a market value of $590 million.
That made Advanced Medical the most significant gainer among major local stocks.
The only news out of the company was a perfunctory announcement of its plan to release earnings on Oct. 31.
Instead, Advanced Medical seemed to rally along with a rebounding Wall Street. Like the broader market, Advanced Medical’s shares were pummeled last week after the company warned about its results for the rest of the year.
Advanced Medical’s shares fell about 50% last week.
Another company, Costa Mesa-based Commerce Energy Group Inc., actually posted a slightly higher percentage gain than Advanced Medical, rising 41.3%.
But Commerce Energy has a market value of about $7 million, making its gain much less significant.
Advanced Medical’s market value rose by about $175 million on Monday, versus about $2 million for Commerce Energy.
Other big gainers:
,Subprime auto lenders Consumer Portfolio Services Inc. of Irvine, up 26% on a market value of $32 million, and Irvine’s United Panam Financial Corp., up 24% on a market value of $36 million.
,Newport Beach chipmaker Conexant Systems Inc., up 20% on a market value of $137 million.
,Irvine heart valve maker Edwards Lifesciences Corp., which rose 12% on a market value of $3.1 billion after reporting positive study results for a new type of heart valve.
The Wall Street rally lifted just about all major Orange County stocks. A few closed lower:
,Santa Ana-based wireless network equipment maker Powerwave Technologies Inc., down 4.7% on a market value of $400 million.
,Irvine-based homebuilder Standard Pacific Corp., down 3.5% on a market value of $280 million, California Coastal Communities Inc., another Irvine-based homebuilder, down 9.6% on a market value of $18 million.
,Santa Ana-based real estate brokerage and investment company Grubb & Ellis Co., off 4.3% on a market value of $72 million.
The major stock indexes posted historic gains Monday after last week’s fall of about 20%.
The Dow Jones Industrial Average and S & P; 500 saw their biggest one-day point gains after signs of new resolve from the Bush administration to speed up financial rescue plans.
