June 4
RESTAURANTS
Shares of Cerritos-based GEN Restaurant Group Inc. are up 5% to $2.03 with a market cap of $67 million. The Korean BBQ brand, whose flagship restaurant is in Tustin, today announced it signed a distribution agreement with C&S Wholesale Grocers LLC. The partnership gives GEN access to C&S’s network, including more than 7,500 customers and 200 grocery stores nationwide (Nasdaq: GENK).
RETAIL
Tilly’s Inc. surged 16% to $5.16 apiece with a $158.4 million market cap after reporting first-quarter results yesterday. The Irvine-based youth apparel retailer reported net sales jumped 16% to $124.7 million, driven by a 23% increase in same-store sales for the period ended May 2 (NYSE: TLYS).
DEFENSE
Mobix Labs Inc. increased 15% to $2.57 with a market cap of $41 million. The Irvine-based 5G semiconductor company today announced it’s acquiring Montana-based drone manufacturer Vision Aerial Inc. for an undisclosed amount (NASDAQ: MOBX).
TECHNOLOGY
Broadcom Inc. dropped 15% to $409.20 and a $1.9 trillion market cap. The Palo Alto-based chipmaker, with offices in Irvine, yesterday projected AI chip sales for the third quarter at $16 billion, below analysts’ expectations of $17.2 billion (Nasdaq: AVGO).
INDEXES
Crude oil fell 3.1% to $93.04 per barrel.
–Yuika Yoshida
June 3
TECHNOLOGY
Western Digital is up 5% to $590.98 apiece with a market cap of $203.7 billion (Nasdaq: WDC). Shares of the San Jose-based memory products maker, which has a large presence in Irvine, rose following a favorable mention in Zacks. In a June 2 article, the investment publication said, “companies like Western Digital are benefiting from orders for high-capacity hard disk drives (HDDs) and enterprise solid-state drives (SSDs) and emerging storage architectures.”
TTM Technologies Inc. is up 3.4% to $185.90 for a market cap of $19.3 billion (Nasdaq: TTMI). Shares of the Santa Ana-based maker of printed circuit boards (PCB) rose after investment publication Zacks said this week that TTM had “strong momentum characteristics for investors to consider.”
RESTAURANTS
Kura Sushi USA fell 6.67% to $43.50 per share for a market cap of $528.4 million. The Irvine-based restaurant chain’s stock has declined about 15% since mid-May, when President Trump’s latest financial disclosure revealed that he purchased shares earlier in the year. (Nasdaq: KRUS).
HEALTHCARE
Alignment Healthcare Inc. is up 5.3% to $14.36 apiece with a $3 billion market cap. The Orange-based provider of Medicare Advantage insurance unveiled yesterday its 2025 Impact Report which reflects its strategy for improving member health and growing responsibly. (Nasdaq: ALHC). Year to date, the stock is down 28%.
MARKETS/INDEXES
Gold is down 1.18% to $4,466.70 an ounce.
Crude oil is up 1.77% to $97.70 a barrel.
EMPLOYMENT
IntelliPower Inc. is laying off 40 people at its office in Orange, effective July 31, according to a June 1 Worker Adjustment and Retraining Notification (WARN) letter sent to state labor officials.
Apparel maker Bylt LLC is laying off 67 workers at its Irvine office, effective July 31, according to a June 1 Worker Adjustment and Retraining Notification (WARN) letter sent to state labor officials.
–Nancy Luna and Anastasia Efremova
June 2
—Kevin Costelloe
June 1
AEROSPACE
Virgin Galactic Holdings Inc. soared 25% to $7.66 with a $815 million market cap (NYSE: SPCE). Shares have tripled since May 20. RichRich Capital revealed it now has a 5.3% stake in Virgin Galactic, according to the Stocktwits website.
RETAIL Lanvin Group Holdings Ltd. jumped 8.7% to $1.63 apiece with a $228 million market cap (NYSE: LANV). The parent company of Anaheim-based St. John Knits on Monday appointed Xi Luo as its new chief financial officer, effective June 1. Â
MARKETS/INDEXESÂ
Crude oil was up 6.3% to $92.92 a barrel. Â
Gold was down 2.1% to $4,496.20 per ounce.
–Emily Santiago-Molina
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
