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
April 15
HEALTHCARE
Irvine-based Beta Bionics, a maker of insulin delivery systems, rose 10% to $13.01 per share for a market cap of $579 million. The shares have increased after the company reported a 2-year revenue jump of 736% on April 6 (Nasdaq: BBNX).
CONSTRUCTION
Shimmick Corp., a builder of large water infrastructure projects, rose 7.2% to $5.07 per share for a market cap of $183 million (Nasdaq: SHIM). Earlier today investor website Simply Wall St cited the Irvine-based company’s “new targets and project wins.” (Nasdaq: SHIM)
TECHNOLOGY
Viant Technology in Irvine rose 8.2% to $11 per share for a market cap of $698 million after announcing an agreement to acquire TVision (Nasdaq: DSP).
—Kevin Costelloe
April 14
MEDTECH
Laguna Hills-based Adagio Medical is up 19% to $1.58 apiece with a $35 million market cap (Nasdaq: ADGM). The company’s management is participating this week at the 25th Annual Needham Virtual Conference one week after the FDA approved an Investigational Device Exemption to expand the firm’s FULCRUM-VT trial evaluating its next-generation ventricular ablation system for treating sustained monomorphic ventricular tachycardia.
Irvine-based Beta Bionics Inc. is up 10% to $11.69 apiece with a market cap of $523 million. Shares of the developer of diabetes management solutions rose in the double digits for a second consecutive trading day ahead of its April 21 earnings report. (Nasdaq: BBNX)
Staar Surgical Co. declined 5.4% to $25.40 with a market cap of $1.3 billion. (Nasdaq: STAA). Shares of the Lake Forest-based lens maker pulled back after a sharp run-up last week, when it reported preliminary net sales of more than $90 million, up from $42.6 million a year earlier.
For more on the biomed industry in OC, read the Business Journal’s April 20 issue.
TECHNOLOGY
Shares of Veritone Inc. rose 12% to $2.26 with a market cap of $208 million. Last week, Insider Monkey called the AI and software company based in Irvine one of the fastest-growing agentic AI stocks to buy. (Nasdaq: VERI)
INDEXES/MARKETS
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- Nasdaq is up 1.7% to 23,587.55
- S&P 500 is up 1.05% to 6,958,45
- Gold is up 1.4% to $4,833.50 an ounce
- Crude oil dropped 6.8% to $92.39
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–Nancy Luna
April 13
AEROSPACE
Karman Holdings Inc. was up 6.7% to $88.06 per share and a $12 billion market cap (NYSE: KRMN). Simply Wall St listed the Huntington Beach space and defense company on Monday as a leading growth company with high insider ownership, stating that identifying such firms “can be key as it often signals confidence in their long-term potential and alignment of interests between management and shareholders.”
TECHNOLOGY
Veritone Inc. rose 7.5% to $2.02 with a $184 million market cap (Nasdaq: VERI). Shares have increased 10% since the AI firm announced on April 2 that its software would include Thorn Detect, a child sexual abuse material (CSAM) detection tool.
MEDTECH
Irvine’s Beta Bionics Inc. jumped 19% to $10.53 apiece with a market cap of $467 million (Nasdaq: BBNX). There was no publicly available news, and volume was below the daily average of 1.1 million shares. The stock is still off by about two thirds year to date.
MARKETS/INDEXES
Crude oil was up 2.7% to $99.18 a barrel as the U.S. blockade of the Strait of Hormuz began on Monday.
EMPLOYMENT
South Coast Behavioral Health told state officials it plans to permanently close two offices in Huntington Beach and Costa Mesa as of May 29, affecting 37 employees.
–Emily Santiago-Molina
April 10
TECHNOLOGY
TTM Technologies Inc. rose 13% to $121 with a market cap of $12.4 billion (NASDAQ: TTMI). The shares of the Santa Ana-based manufacturer of printed circuit boards are reaching all-time highs due to demand for its products in new technology markets.
CONSTRUCTION
Shimmick Corporation is up 10% to $4.08 with a market cap of $147.6 million (NASDAQ: SHIM). Shares of the Irvine-based heavy civil construction firm are up about 42% since March 17th when it announced it secured $256 million in new infrastructure projects in California and Texas.
INDEXES/MARKETS
Crude oil is up 0.8% to $98.69 as oil traffic through the Strait of Hormuz, a key corridor for global oil supply, remains low despite the U.S. and Iran’s two-week ceasefire.
–Joseph Pimentel
April 9
MEDTECH
Shares of Staar Surgical Co. rose 26% to $26.28 with a market cap of $1.3 billion after reporting preliminary net sales for the first quarter. (Nasdaq: STAA). The Lake Forest-based lens maker posted net sales of more than $90 million, up from US $42.6 million for the same period a year earlier. Sales, driven by growth in the China market, beat analysts’ expected $67.6 million.
RETAIL
Tilly’s Inc. is up 8% to $5 apiece with a $155 million market cap. (Nasdaq: TLYS). Shares of the Irvine-based retailer are up more than 200% since reporting earnings March 11, when the company reported seven consecutive months of comparable net sales growth.
TECHNOLOGY
Shares of Mobix Labs Inc. fell 11% to $2.70 with a market cap of $29 million. The Irvine-based 5G semiconductor company on April 6 implemented a 1-for-10 reverse stock split, which increased its share price by reducing the number of outstanding shares.
INDEXES/MARKETS
Crude oil rose 3.6% to $97.81 as the Strait of Hormuz, a key corridor for about 20% of global oil supply, remains restricted despite a two-week ceasefire announced between the U.S. and Iran.
–Nancy Luna
