Dec. 5
RETAIL
Compass Diversified (NYSE: CODI), owner of local firms 5.11 Tactical and Lugano Diamonds, dropped 20% to $5.89 per share with a market cap of $445 million. In a Dec. 4 conference call, the Westport, Conn.-based company said its current priority is to reduce debt and has started to consider selling subsidiaries to do so, Bloomberg reported.
Compass is preparing to restate financials for fiscal years 2022 to 2024 after reporting alleged fraud at Newport Beach-based jeweler Lugano.
AI
Irvine-based AI company Veritone (Nasdaq: VERI) fell 2.8% after investor website Simply Wall St said earlier today “the most pressing issue remains Veritone’s ongoing losses and cash needs, which still pose dilution and funding risks in the near term.”
EMPLOYMENT
FreshRealm told California state officials that 53 employees will lose their jobs on Jan. 31 due to a permanent closure in San Clemente.
–Kevin Costelloe and Emily Santiago-Molina
Dec. 4
MEDTECH
Edwards Lifesciences Corp. (NYSE: EW) rose 1.3% to $85.04 and a $49 billion market cap. The Irvine-based medical device maker today reaffirmed its previously increased constant currency growth guidance of 9% to 10% and gave other company updates during its annual investor conference.
TECHNOLOGY
Aliso Viejo-based indie Semiconductor Inc. (Nasdaq: INDI) rose 3.6% to $4.51 per share with a $919 million market cap. It was announced today that San Jose-based Mixel’s mixed-signal intellectual property (IP) cores have been integrated into indie’s automotive radar processor and monolithic microwave integrated circuit (MMIC) products.
RETAIL
Tilly’s Inc. (Nasdaq: TLYS) fell 6.1% to $1.69 apiece with a $51.5 million market cap. Shares in the Irvine-based apparel company are down after yesterday reporting third quarter results, despite beating analysts’ expectations. Total net sales decreased 2.7% to $139.6 million, compared to the 4.6% decrease expected by analysts.
INDEXES
The yield on a 10-year Treasury bond increased 1% to 4.098%
Crude oil rose 1.5% to $59.86 per barrel.
–Yuika Yoshida
Dec. 3
RETAIL
Shares of Tilly’s Inc. (Nasdaq: TLYS) are up 14% to $1.67 apiece with a $51 million market cap. The post Black Friday boost comes as the Irvine-based retailer is set to report fiscal third-quarter results today after the market closes.
TECHNOLOGY
Aliso Viejo-based indie Semiconductor Inc. (Nasdaq: INDI) rose 9.7% to $4.19 per share with a $846 million market cap. Investing site Wall Street Zen recently upgraded it from a “sell” to a “hold.”
ENVIRONMENT
Shares of Clean Energy Technologies Inc. (Nasdaq: CETY) dropped 8.4% to $1.10 with a market cap of about $5.9 million. The stock is down 56% since regaining full compliance with the Nasdaq’s minimum bid price requirement on Oct. 23.
–Nancy Luna
Dec. 2
PHARMACEUTICALS
Newport Beach-based beauty products company Evolus Inc. (Nasdaq: EOLS) fell 6.3% to $6.39 per share for a market cap of $414 million. Investor website Simply Wall St. said last week that “consensus from 7 of the American Pharmaceuticals analysts is that Evolus is on the verge of breakeven.”
TECHNOLOGY
Irvine-based AI company Veritone (Nasdaq: VERI) rose 14% to $4.90 per share for a market cap of $450 million. Earlier today Needham reiterated its Buy rating for the stock and set the price target at $10.
MARKETS
Gold fell 1.2% to $4,224.80.
EMPLOYMENT
Verizon told California officials the company plans to permanently lay off 139 employees in Irvine as of Jan. 23.
Van Law Food Products Inc. said it plans to lay off 50 employees in Fullerton as of Jan. 23.
–Kevin Costelloe
Dec. 1
TECHNOLOGY
Netlist Inc. (OTCQB: NLST) jumped 15% to 72 cents per share with a market cap of $218 million. The Irvine-based computer memory products maker announced on Monday that the United States Patent and Trademark Office (USPTO) and the United States Department of Justice (USDOJ) have filed a joint public interest comment related to Netlist’s complaint against Samsung, Google and Super Micro before the ITC.
RETAIL
Shares of Tilly’s Inc. (Nasdaq: TLYS) were up 4.3% to $1.43 apiece with a $44 million market cap. The Irvine-based retailer is scheduled to report fiscal third quarter results on Wednesday, Dec. 3.
One analyst is forecasting a sales decrease of 4.6% to $136.9 million for the third quarter, a potential improvement compared to Tilly’s sales decrease of 7.1% in the fiscal second quarter.
MARKETS/INDEXES
Crude oil was up 1.4% to $59.38 a barrel.
The yield on a 10-year Treasury bond rose 1.92% to 4.094%.
–Emily Santiago-Molina
Nov. 28
MEDTECH
Eledon Pharmaceuticals Inc. (Nasdaq: ELDN) jumped 4.8% to $1.63 and a $122 million market cap. Shares in the Irvine-based company are up 6% since reporting preliminary data from its first six patients with Type 1 Diabetes treated with its Tegoprubart medication on Nov. 18.
TECHNOLOGY
TTM Technologies Inc. (Nasdaq: TTMI) rose 3.2% to $70.49 with a market cap of $7.2 billion. The Santa Ana-based printed circuit board manufacturer announced that Chief Executive and President Edwin Roks and Chief Financial Officer Dan Boehle will participate in upcoming conferences next month.
INDEXES
Gold increased 1% to $4,243 an ounce.
Crude oil rose 1.4% to $59.48 per barrel.
–Yuika Yoshida
Nov. 27
Nov. 26
FINANCE
Irvine-based loanDepot (NYSE: LDI) dropped 6.5% to $2.81 apiece with a market cap of $971 million. On Tuesday, Chief Investment Officer Jeffrey Michael DerGurahian sold 250,000 shares of Class A common stock, a sell-off that likely rattled investors.
ENVIRONMENT
Shares of Clean Energy Technologies Inc. (Nasdaq: CETY) dropped 4% to $2.32 with a market cap of about $11.8 million. The Irvine firm’s stock is trading at five times higher than average. Yesterday, it also announced it has secured a $10 million Battery Energy Storage System (BESS) project in New York State, representing the company’s largest storage project to date.
EMPLOYMENT
Verizon is permanently laying off 139 workers at its Irvine location on Sand Canyon effective Jan. 23, according to a notice the company sent to California state labor officials. Van Law Foods Products Inc. in Fullerton is laying off seven employees effective Jan. 23, according to state employment records.
–Nancy Luna
Nov. 25
RESTAURANTS
Chipotle Mexican Grill (NYSE: CMG) rose 6.5% to $33.22 for a market cap of $45 billion after Carnival Corp. CEO Josh Weinstein was named to the company’s board.
HEALTHCARE
Alignment Healthcare (Nasdaq: ALHC) increased 7.9% to $19 apiece for a market cap of $3.8 billion after JP Morgan upgraded the company’s stock from neutral to overweight and boosted the price target from $18 to $20.
INDEXES
Dow 30 increased 1.2% to 47,014.47.
MARKETS
Gold was up 1.4% at $4,188.30.
EMPLOYMENT
Nationstar Mortgage LLC d/b/a Mr. Cooper told California officials it is laying off 88 people in Lake Forest as of Jan. 16, 2026.
–Kevin Costelloe
Nov. 24
TECHNOLOGY
TTM Technologies Inc. (Nasdaq: TTMI) jumped 9.7% to $64.48 with a market cap of $6.7 billion. Shares of the Santa Ana-based printed circuit board manufacturer rose along with other technology and chipmaker stocks that “rallied” on Monday, according to The Wall Street Journal.
HEALTHCARE
Shares of Alignment Healthcare Inc. (Nasdaq: ALHC) were up 6.8% to $17.84 apiece with a $3.6 billion market cap. JP Morgan analysts raised their target price for Alignment from $18 to $20 and upgraded the company’s rating to “overweight.”
Orange-based Alignment Healthcare is scheduled to present at the Piper Sandler 37th Annual Healthcare Conference in New York on Dec. 3.
MARKETS/INDEXES
The S&P 500 was up 1.6% to 6,707.78 and Nasdaq rose 2.6% to 22,842.47. Markets saw a boost from gains among tech stocks and “revived hopes” for interest rates, The Wall Street Journal reported.
–Emily Santiago-Molina
Nov. 21:
MEDTECH
Aliso Viejo-based RxSight (Nasdaq: RXST) is up 14% to $10.21 apiece with a market cap of $420 million. Analyst firm Stifel recently raised its price target to $10 from $8, citing RxSight’s quarterly revenue of $30 million, which exceeded both its own and Wall Street estimates, according to financial news site Investing.com. Yesterday, the medical device maker also announced that it will present at the Piper Sandler & Co. 37th Annual Healthcare Conference on Dec. 3.
RETAIL
Compass Diversified (NYSE: CODI) is up 13% to $6.03 apiece with a market cap of $453 million. The company’s troubled jeweler, Newport Beach-based Lugano, filed for Chapter 11 bankruptcy protection on Sunday as the luxury jeweler tries to recover following allegations of accounting irregularities tied to its former chief executive and founder Moti Ferder.
(See story in the Nov. 24 print edition)
BIOMED
Biopharmaceutical company Liminatus Pharma LLC (Nasdaq: LIMN) is down 30% to 73 cents a share with a market cap of $20 million. La Palma-based Liminatus, which in June reported doubts of its “ability to continue as a going concern,” signed a Memorandum of Understanding (MOU) with Capital Trust Group for $30 million in equity financing through an “earn-out mechanism to support Liminatus’s research and development of advanced immunotherapy assets.”
MARKETS/INDEXES
Nasdaq is up 1.06% to 22,313.14. The S&P 500 is up 1.25% to 6,620.36. Crude oil is down 1.9% to $57.88 a barrel. The indexes rose after an ally of Fed Chair Jerome Powell made a case for a near-term rate cut, according to the Wall Street Journal.
EMPLOYMENT
Nationstar Mortgage is laying off 88 people in Lake Forest effective Jan. 16, according to a notice the company sent to California state labor officials.
–Nancy Luna
Nov. 20
AUTOMOTIVE
Rivian Automotive Inc. (Nasdaq: RIVN) rose 3% to $15.16 apiece with a market cap of $18.5 billion. Analyst firm Stifel Nicolaus on Monday assigned the Irvine-based EV maker a Buy rating and raised its price target from $16 to $17.
HEALTHCARE
Irvine-based AEON Biopharma Inc. (NYSE: AEON) dropped 15% to 8 cents and a $9.3 million market cap. The biopharmaceutical firm today announced the first closing of its Private Investment in Public Equity deal, also known as PIPE, resulting in $1.79 million in proceeds to AEON. The company also announced that the FDA rescheduled its biosimilar biological product development Type 2a meeting to Jan. 21.
–Yuika Yoshida
