Jan. 19

The Stock Market is closed today in observance of Martin Luther King Jr. Day holiday.

Jan. 16

REAL ESTATE 

LoanDepot Inc. jumped 19% to $3.18 per share with a market cap of 1.1 billion (NYSE: LDI). Shares of the Irvine-based mortgage lender jumped after White House economic adviser Kevin Hassett told Fox Business Network on Friday that the Trump administration will allow people to use money from 401(k)s to make a down payment on a house, Reuters reported.  

MEDIA 

Irvine-based Viant Technology Inc. rose 5.9% to $12.64 apiece with an $801 million market cap (Nasdaq: DSP). Shares of the digital media firm are up 12% since its partnership with Airtory, an Austin-based advertising software company, was announced on Jan. 12.  

MARKETS/INDEXES 

Crude oil was up 1.1% to $59.72 a barrel. 

The yield on a 10-year Treasury bond rose 1.27% to 4.213%. 

–Emily Santiago-Molina

Jan. 15

HEALTHCARE 

Staar Surgical Co. (Nasdaq: STAA) fell 4% to $20.96 per share for a market cap of $1 billion after today’s announcement that Broadwood Partners succeeded in removing Staar Chief Executive Stephen Farrell and Chair Elizabeth Yeu from the board. They’re being replaced with Neal Bradsher and Richard LeBuhn of Broadwood, as well as Christopher Wang of Yunqi Capital, another one of Staar’s largest shareholders. The company also announced that Farrell will remain CEO until Jan. 31.

For more information on Staar, see the Jan. 19 print issue of the Business Journal.

EnVVeno Medical Corp. (Nasdaq: NVNO) dropped 6.5% to 33 cents per share and a $6.8 million market cap. The Irvine-based medical device maker today announced a 1 for 35 reverse stock split, which will take effect on Jan. 20. Volume of 535,000 was less than half of the daily average.

INDEXES

Crude oil decreased 4.9% to $58.85 per barrel after comments from President Trump suggested tensions may be easing between the U.S. and Iran.

–Yuika Yoshida

Jan. 14

MEDTECH

Glaukos Corp. shares dropped 8% to $101.59 and a $5.8 billion market cap (NYSE: GKOS). The Aliso Viejo-based maker of glaucoma treatments yesterday reported preliminary fourth quarter revenue for its iDose treatment of $44 million, which missed “the buyside bogey” around $48 million, according to Jefferies analyst Michael Sarcone.

AUTOMOTIVE

Rivian Automotive Inc. fell 8.9% to $17.18 and a $21 billion market cap (Nasdaq: RIVN). Shares of the Irvine-based electric vehicle maker was lowered to a Sell rating by UBS, which said the excitement for Rivian’s AI potential has peaked.

INDEXES

Nasdaq fell 1.6% to 23,335 while the S&P 500 was off 1.1% to 6,889 as tech stocks like Nvidia and Broadcom traded lower, the Wall Street Journal reported.

Crude oil rose 1.1% to $61.83 a barrel.

                                                                                           –Peter J. Brennan

Jan. 13

TECHNOLOGY 
Printed circuit board maker TTM Technologies (Nasdaq: TTMI)  in Santa Ana rose 21% to $81.08 apiece for a market cap of $9.7 billion after  investor website TipRanks reported “several analysts raised their price targets, signaling growing optimism about the company’s prospects.” TTM Chief Executive Edwin Roks and Chief Financial Officer Dan Boehle made a presentation this morning at the Needham Growth Conference in New York City.
MORTGAGES
Irvine-based mortgage originator loanDepot (NYSE: LDI) fell 3% to $2.72 apiece for a market cap of $905 million, giving back some of the recent gains that followed President Trump’s call for the purchase of $200 billion in mortgage bonds.
MARKETS
The price for a barrel of oil rose 2.4% to $60.91

–Kevin Costelloe

Jan. 12

HEALTHCARE 

Eledon Pharmaceuticals Inc. (Nasdaq: ELDN) rose 6.1% to $1.83 apiece with a $138 million market cap. Shares of the Irvine-based biotechnology company continue to grow since it reported positive preliminary results on Thursday from a few studies testing tegoprubart, Eledon’s investigational anti-CD40L antibody.  

Eledon also revealed a $57.5 million underwritten public offering of common stock and pre-funded warrants that will fund operations into the second quarter of 2027. 

Aliso Viejo-based RxSight Inc. (Nasdaq: RXST) jumped 11% to $9.82 per share with a market cap of $405 million. The cataract lens maker posted preliminary fourth quarter results on Sunday; it expects Q4 revenue of $32.6 million, beating analysts’ estimates.   

RxSight also appointed Mark Wilterding as its new chief financial officer, succeeding Shelley Thunen.  

MARKETS/INDEXES 

Gold rose 2.7% to $4,622.80 per ounce. 

–Emily Santiago-Molina

Jan. 9

MORTGAGES
Irvine-based loanDepot (NYSE: LDI), a non-bank provider of mortgages, jumped 27% to $3.10 per share for a market cap of $1.1 billion after President Trump told Fannie Mae and Freddie Mac to buy $200 billion of mortgage debt to improve home availability before the midterm elections in November.
PHARMACEUTICALS
CG Oncology (Nasdaq: CGON) in Irvine increased 30% to $54.44 per share for a market cap of $4.4 billion after announcing an expedited timeline for Phase 3 PIVOT-006.
HEALTHCARE
Shares in Beta Bionics Inc. (Nasdaq: BBNX), a diabetes management innovations company in Irvine, fell 34% to $21.01 per share for a market cap of $925 million after the company reported preliminary fourth-quarter results.
MARKETS
Gold rose 1.2% to $4,515.70.
Price for a barrel of oil was up 2.7% to $59.34.

–Kevin Costelloe

Jan. 8

TECHNOLOGY
Lantronix Inc. (Nasdaq: LTRX) increased 4.8% to $6.13 per share and a $241 million market cap. The Irvine-based firm, which provides Edge AI chips and Industrial IoT solutions, this week debuted a new drone reference platform, as well as the SmartEdge.ai Gateway and SmartSwitch.ai solutions that form an “integrated Edge AI surveillance and intelligent connectivity platform designed to enable real-time video analytics.”

The company also today announced that it is scheduled to attend the 28th Annual Needham Growth Conference in New York on Jan. 13.

SPACE

Huntington Beach-based Karman Holdings Inc. (NYSE: KRMN) jumped 11% to $101.39 and a $13.4 billion market cap. The company yesterday announced that it has agreed to buy Seemann Composites and Materials Sciences, which specialize in maritime defense technologies such as submarines, for a total consideration of $220 million.

For more on Karman, see the Jan. 12 print issue of the Business Journal.

RESTAURANTS

Kura Sushi USA Inc. (Nasdaq: KRUS) rose 14% to $63.87 apiece with a $773 million market cap. Shares in the restaurant company are up after reporting first quarter results yesterday. Revenue increased 14% to $73.5 million, beating the average analysts’ consensus.

INDEXES

Crude oil is up 2% to $57.06 per barrel.

–Yuika Yoshida

Jan. 7

HEALTHCARE

Shares of Irvine-based CG Oncology Inc. (Nasdaq: CGON) are up 3.7% to $41.87  with a market cap of $3.4 billion. The biopharmaceutical company said yesterday that CEO Arthur Kuan and COO Ambaw Bellete will present at the 44th Annual J.P. Morgan Healthcare Conference on Jan. 15 in San Francisco.

TECHNOLOGY

Irvine-based chipmaker Skyworks Solutions (Nasdaq: SWKS) is down 12% to $58.60  a share with a market cap of $8.8 billion. Shares for the company, which introduced new audio, mobile, automotive and gaming innovations at the tech show CES this week, are down nearly 40% from a year ago. At CES, the company unveiled SKY66424-11, which it says is the industry’s first highly integrated Wi-SUN and LoRaWAN RF front-end module for smart home and smart city applications. 

(Read the Jan. 12 edition for more on what OC companies are presenting at CES.)

MARKETS/INDEXES

Crude oil is down 1% to $56.54 a barrel a day after President Trump said that Venezuela will turn over between 30 million to 50 million barrels of oil to the U.S.

–Nancy Luna

Jan. 6

TECHNOLOGY 
Irvine-based chip company Mobix Labs (Nasdaq: MOBX) dropped 43% to 19 cents per share for a market cap of $11.5 million after announcing the pricing of its previously announced public offering of 30 million shares of its common stock for aggregate gross proceeds of approximately $6 million, prior to deducting the placement agent’s fees and other offering expenses. The company had risen 33% yesterday after announcing a new facility.
HEALTHCARE 
Lake Forest-based Staar Surgical Co. (Nasdaq: STAA) fell 12% to $21.09 per share for a market cap of $1 billion after Broadwood Partners thanked shareholders for rejecting a proposed sale of the company to Alcon Inc. “STAAR now has a renewed opportunity to truly shine,” Broadwood said in a statement today.
MARKETS
Gold rose just over 1% to $4,497.10

–Kevin Costelloe

Jan. 5

TECHNOLOGY

Irvine-based Mobix Labs Inc. (Nasdaq: MOBX) surged 33% to 36 cents per share with a market cap of $22 million. The chip company on Monday said it plans to consolidate West Coast operations under one roof at a new, larger military-approved facility designed to support increasing demand.  

RESTAURANTS

Kura Sushi USA Inc. (Nasdaq: KRUS) rose 7% to $58.04 apiece with a $703 million market cap. Ahead of the restaurant company’s fiscal first quarter report on Jan. 7, the general analyst consensus for Q1 revenue is a 13% increase to $73 million. However, analysts also expect a loss of 16 cents per share compared to a loss of eight cents per share a year ago.

MARKETS/INDEXES

The Dow 30 increased 1.5% to 49,119.45 during midday trading.

Gold jumped 2.8% to $4,450.30 per ounce.

Crude oil rose 1.7% to $58.30 a barrel after the U.S. captured Venezuelan leader Nicolas Maduro over the weekend.  

–Emily Santiago-Molina

Jan. 2

AUTOMOTIVE

Irvine-based Rivian Automotive Inc. (Nasdaq: RIVN) fell 1.7% to $19.38 per share with a market cap of $23 billion. The EV maker today announced production and delivery totals for the quarter and year ending Dec. 31, 2025. The company produced 10,974 vehicles and delivered 9,745 during the same period. For the full year, it produced 42,284 vehicles and delivered 42,247, an 18% decrease from a year ago.

HEALTHCARE

Staar Surgical Co. (Nasdaq: STAA) is up 2% to $23.57 per share with a market cap of $1.2 billion. The Motley Fool reported that Dallas-based Slotnik Capital and London-based Sand Grove Capital Management in the third quarter acquired 635,000 shares valued at $17 million and 829,123 shares totaling in $22.3 million in Staar, respectively.

The shareholder meeting to approve whether the Alcon merger will take place or not is rescheduled to take place Jan. 6.

–Yuika Yoshida

Dec. 31

RETAIL

Tilly’s Inc. (Nasdaq: TLYS) is up 7%  to $2 apiece with a $61 million market cap. Shares of the Irvine-based retailer have been moving higher over the past four weeks, up 27.2%, according to Zacks Equity Research, which noted that the brand “could be poised for a breakout.”

TECHNOLOGY

Mobix Labs (Nasdaq: MOBX) dropped 11% to 28 cents per share for a market cap of $17 million. Shares of the Irvine-based 5G chipmaker continued to slide after the company said it would delay its annual report, which is expected to reveal a wider net loss for fiscal 2025.

MARKETS/INDEXES

Gold is down 1% to $4340.40 an ounce.

–Nancy Luna

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.

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