April 30
HEALTHCARE
Glaukos Corp. jumped 20% to $140.30 per share and an $8.2 billion market cap. Shares in the Aliso Viejo-based medical device company are up after yesterday reporting first quarter results that exceeded analysts’ expectations (NYSE: GKOS).
TECHNOLOGY
TTM Technologies Inc. rose 11% to $152 with a market cap of $15.8 billion. The Santa Ana-based manufacturer of printed circuit boards yesterday announced that first quarter revenue increased 30.4% to a record $845.98 million for the quarter, beating the $783 million expected by analysts (NASDAQ: TTMI).
Lantronix Inc. was up 5.8% to $6.60 apiece and a $262 million market cap. The Irvine-based computer networking products maker today announced that it will debut two new technologies designed for autonomous and defense drones at the Xponential conference taking place May 11-14 in Detroit. Lantronix is also scheduled to report third quarter results on May 6 (Nasdaq: LTRX).
INDEXES
Crude oil fell 2% to $104.66 per barrel.
Gold rose 1.4% to $4,623.60 per ounce.
–Yuika Yoshida
April 29
TECHNOLOGY
Indie Semiconductor Inc. is up 6% to $4.07 per share with a $857 million market cap. The semiconductor sector is surging this week on heavy investment in AI and data centers, a rally “reminiscent of the late 1990s internet boom,” according to an April 28 GuruFocus article. (Nasdaq: INDI)
Western Digital is up 10% to $430 apiece with a market cap of $147 billion. Shares of the San Jose-based memory products maker, which has a large presence in Irvine, are surging as investors anticipate a strong fiscal third-quarter earnings report on April 30, fueled by a projected 41% revenue increase and massive demand for AI infrastructure, according to a Zacks Consensus Estimate. Analysts at firms such as Bank of America and Cantor Fitzgerald have also hiked price targets in the past 48 hours (Nasdaq: WDC).
FINANCE
Irvine-based LoanDepot is down 5.7% to $1.56 apiece with a market cap of $848 million. Shares at the company, one of the nation’s largest non-bank providers of mortgages, often become volatile when there’s uncertainty regarding the Fed’s next interest rate move, which is expected later today. (NYSE: LDI)
MARKETS/INDEXES
Crude oil is up 6.38% to $106.31 a barrel as President Trump prepares to extend the U.S. blockade of Iran, according to The Wall Street Journal.
EMPLOYMENT
Veritiv Visual is laying off 46 employees at its Fullerton office, effective June 24, according a Worker Adjustment and Retraining Notification (WARN) letter sent to state labor officials.
–Nancy Luna
April 28
APPAREL
Shanghai, China-based Lanvin Group, parent company of St. John Knits of Anaheim, fell 8.6% to $1.49 per share for a market cap of $174 million before Wednesday’s release of full-year 2025 earnings. See this week’s print edition of the Business Journal for more details (NYSE: LANV).
CONSTRUCTION
Irvine-based infrastructure company Shimrick Corp. fell 15% to $5.67 per share for a market cap of $206 million. The company said earlier today it is appointing Sarah Tacker as executive vice president and chief operating officer. Tacker joins Shimmick from FlatironDragados, where she most recently served as vice president, district manager leading Northern California operations. (Nasdaq: SHIM)
MARKETS
The price for a barrel of oil jumped 3.8% to $100.07.
Gold fell 2.1% to $4,596.40.
INDEXES
The Nasdaq was down 1.3% at 24,575.74.
Markets and indexes fell as President Trump and Secretary of State Marco Rubio said Iran’s latest peace proposal falls short.
–Kevin Costelloe
April 27
ENGINEERING
Willdan Group Inc. fell 14% to $67.04 per share and a $1 billion market cap (Nasdaq: WLDN). Volume was almost double the daily average of 310,865.
Shares of the Anaheim-based engineering firm have fallen 51% since its 52-week high of $137 apiece in January. Willdan is scheduled to report first quarter results on May 7.
TECHNOLOGY
Indie Semiconductor Inc. rose 5.1% to $3.85 apiece with an $829 million market cap (Nasdaq: INDI). Shares of the chipmaker, headquartered in Aliso Viejo, have been up since last week’s disclosure that indie’s president sold 6,500 shares at $3.50 each.
Volume was about double the daily average at 9,132,452.
HEALTHCARE
Laguna Hills-based Adagio Medical Holdings Inc. dropped 29% to $1.08 per share and a market cap of $24 million (Nasdaq: ADGM). Monday’s volume was seven times greater than the daily average of 95,486.
MARKETS/INDEXES
Gold was down 1% to $4,691.70 per ounce.
Crude oil increased 2.2% to $96.50 a barrel.
EMPLOYMENT
Joe’s Crab Shack told state officials it plans to permanently close the Garden Grove restaurant, effective June 21. The closure affects 44 employees, according to workforce filings.
–Emily Santiago-Molina
April 24
April 23
TECHNOLOGY
WM Technology Inc. fell 7% to 36 cents per share and a $64 million market cap (Nasdaq: MAPS). Shares in the Irvine-based tech solutions provider for the cannabis industry are down more than 48% since April 7 when the company announced it was voluntarily delisting from the Nasdaq and moving to the OTC market around the end of this month.
AUTOMOTIVE
Rivian Automotive Inc. is down 3.3% to $17.16 and a $21.2 billion market cap (Nasdaq: RIVN). Analysts are forecasting the Irvine-based EV maker to post a 60 cent per share loss, a 46.3% decrease year-over-year, when it reports first quarter earnings on April 30.
MANUFACTURING
Shimmick Corporation shares jumped up 11% to $5.84 and a $211 million market cap (Nasdaq: SHIM). The Irvine-based builder of water infrastructure projects has seen higher share volume and a 51.1% gain over the past four weeks, according to Zacks Equity Research.
INDEXES
Crude oil rose 1.6% to $94.45 per barrel.
–Yuika Yoshida
April 22
AUTOMOTIVE
Irvine-based Rivian Automotive Inc. increased 4% to $17.90 per share with a market cap of $22 billion. The EV maker said today that the first customer-intended R2 vehicles rolled off the assembly line at the company’s Normal, Illinois. The company is set to report first-quarter results April 30, with Zacks Equity Research forecasting revenue of $1.37 billion, up 10% year over year (Nasdaq: RIVN).
MEDTECH
Irvine-based Beta Bionics Inc. is down 6% to $11.55 apiece with a market cap of $519 million. The diabetes management company reported first-quarter results after the market closed Tuesday, posting a loss of 49 cents per share, narrower than the Zacks Consensus Estimate of a 53-cent loss. New patient starts declined by at least 10%. (Nasdaq: BBNX)
RESTAURANTS
Chipotle Mexican Grill is down 2.2% to $35.26 a share with a market cap of $47 billion. (NYSE: CMG). The Newport Beach-based fast-casual chain is set to report first-quarter earnings April 29, with analysts forecasting earnings of 24 cents per share, a 17.2% decline year over year, according to Yahoo Finance. Shares are down 25% year-over-year.
MARKETS/INDEXES
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- Nasdaq is up 1.25% to 24,563.49
- Crude oil is up 3.78% to $93.06 a barrel
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April 21
TECHNOLOGY
Irvine-based electronics distributor Ingram Micro rose 2.6% to $31.09 per share for a market cap of $7.3 billion. RBC Capital analyst David Paige earlier raised the price target on Ingram Micro from $24 to $33 with an outperform rating (NYSE: INGM).
HEALTHCARE
RxSight, an Aliso Viejo maker of implantable eye lenses, fell 2.8% to $7.24 per share for a market cap of $299 million. Despite today’s loss the shares are up 14% over the last month (Nasdaq: RXST).
MARKETS
The price for a barrel of oil surged 4.5% to $91.35 amid doubts over the resumption of talks to end the Iran war.
Gold fell 2.1% to $4,723.40.
–Kevin Costelloe
April 20
April 17
FINANCE
Shares of loanDepot Inc. rose 15% to $1.85 with a market cap of $1 billion (NYSE: LDI). The Irvine-based mortgage giant announced that it will release its first-quarter 2026 financial results on May 5. It is trading at 76% of its average volume.
RETAIL
Boot Barn Holdings, Inc. is up 6.8% to $165 with a market cap of $6 billion (Nasdaq: BOOT). The Jeffries Group recently upgraded the stock from hold to buy, highlighting the Irvine-based specialty retailer of western and work-related apparel’s resilient sales, continuing store growth and steady fundamentals.
MARKETS/INDEXES
The S&P 500 increased 1.3% to 7,136.71, and the Nasdaq also jumped 1.6% to 21,099.59 during midday trading.
Crude oil dropped 10% to $81.44 a barrel after Iran fully reopened the Strait of Hormuz, where about 20% of the world’s oil is shipped.
–Joseph Pimentel
April 16
MEDTECH
Biomerica Inc. rose 4.7% to $2.20 apiece and a $6.8 million market cap. The Irvine-based medical diagnostics firm today announced that its test which identifies irritable bowel syndrome (IBS) is eligible for Medicare coverage on an individual, claim-by-claim basis (Nasdaq: BMRA).
AUTOMOTIVE
Rivian Automotive Inc. increased 3.5% to $16.99 with a market cap of $21 billion after the Irvine-based electric vehicle maker announced yesterday that it’s partnering with energy technology company Redwood Materials to power its manufacturing facility in Normal, Illinois (Nasdaq: RIVN).
INDEXES
Crude oil jumped 2.7% to $90.51 per barrel.
–Yuika Yoshida
