Veritone Inc. shares dropped10% to $1.19, giving the company a market cap of $112 million. The Irvine AI software firm continues to face pressure because of worries about its cash reserves and $45.6 million in convertible debt due in November (Nasdaq: VERI).
Shimmick Corp shares fell 4% to $3, with a market cap of $141 million. The Irvine construction and engineering company is trading at half its usual volume (Nasdaq: SHIM).
Kura Sushi USA Inc. rose 3.5% to $40.53 per share, bringing its market cap to $452 million. However, the Irvine restaurant chain’s stock is still down 14% since the start of September (Nasdaq: KRUS).
Implantable lens maker STAAR Surgical (Nasdaq: STAA)
Implantable lens maker STAAR Surgical (Nasdaq: STAA) in Lake Forest surged 8.6% $22.67 per share for a market cap of $1.1 billion following an upgrade from Stifel, which pointed to improving international sales momentum and favorable product mix trends. Analyst Thomas Stephan raised Stifel’s rating on the ophthalmic medical device manufacturer to Buy from Hold while lifting its price target to $31 from $28.
Western themed-retailer Boot Barn Holdings (NYSE: BOOT) in Irvine was down 3.8% at $121.49 for a market cap of $3.7 billion after investor website Simply Wall St. said store expansion and Western focus “could backfire if new locations underperform or shopper tastes shift.”
IPS Nationwide told California state officials it plans to permanently lay off 50 people in Costa Mesa, effective Nov. 17.
Huntington Beach-based Karman Holdings fell 6.6% to $33.33 per
Huntington Beach-based Karman Holdings fell 6.6% to $33.33 per share with a $4.4 billion market cap (NYSE: KRMN). Analyst firm RBC Capital cut its price target for the aerospace and defense firm on Monday from $85 to $70 per share, while maintaining its ‘Outperform’ rating.
Irvine-based Tilly’s Inc. increased 5.9% to $4.52 apiece and a $139 million market cap (NYSE: TLYS). Shares of the youth apparel retailer have nearly quadrupled since a 52-week low of $1.14 in November last year.
Staar Surgical Co. (Nasdaq: STAA) rose 6.2% to $20.26 with a market cap of about $1 billion. Shares of the Lake Forest-based lens maker climbed after its board authorized a $50 million share repurchase program this week. The company said the buyback reflects management’s confidence in its business and its view that the shares are “substantially undervalued.”
Alignment Healthcare Inc
Alignment Healthcare Inc. (Nasdaq: ALHC) rose 8.4% to $8.34 apiece with a market cap of $1.7 billion. Shares of the Orange-based Medicare Advantage insurer rebounded after hitting a 52-week low of $7.37 on Thursday. The stock has been under pressure since management disclosed higher-than-expected spending and medical costs at an investor conference last week.
Sonendo Inc. rose 11% to $1.89 and a $9 million market cap. The Laguna Hills maker of dental equipment on Monday announced that more than 2 million patients have now been treated with its GentleWave procedure, a minimally invasive process that cleans and disinfects regions of the root canal system (OTC: SONX).
Reborn Coffee Inc. jumped 13% to $1.23 apiece with a $10.6 million market cap. Shares in the Brea-based coffee chain are up 47% since announcing the appointment of Edward Park and James Lim to its board of directors on Sept. 11 (Nasdaq: REBN).
Irvine-based Skyworks Solutions is up 2.3% to $92.01
Irvine-based Skyworks Solutions is up 2.3% to $92.01 a share with a market cap of $13.8 billion. Shares of the Irvine-based chipmaker are up 37% over the past month as the firm’s plan to buy rival Qorvo (QRVO) enters its final regulatory approval stages (Nasdaq: SWKS).
Irvine-based Eledon Pharmaceuticals Inc. fell 6.2% to $2.71 a share, giving the company a $220 million market cap. The decline follows a gain a day earlier after Eledon reported updated long-term data from a Phase 2 trial of tegoprubart, its drug designed to prevent organ transplant rejection (Nasdaq: ELDN).
AEROSPACE
Karman Space & Defense in Huntington Beach fell 4% to $33.82 apiece for a market cap of $4.5 billion, continuing a month-long downward trend (NYSE: KRMN).
HEALTHCARE
Irvine-based Eledon Pharmaceuticals Inc. rose 13% to $3.03 apiece with a $246 million market cap on updated long-term data from a Phase 2 trial evaluating tegoprubart, a drug designed to prevent organ transplant rejection (Nasdaq: ELDN).
EMPLOYMENT
IPS Nationwide told California state officials it plans the permanent layoff of 50 people in Costa Mesa as of Nov. 17.
Irvine-based Veritone Inc
Irvine-based Veritone Inc. rose 10% to $1.22 per share with a $122 million market cap on Monday (Nasdaq: VERI). Though shares of the AI firm are up 55% so far in the month of September, after showcasing its intelligence products at an industry conference in Amsterdam, Veritone has fallen about 75% since the beginning of the year.
Virgin Galactic increased 5.8% to $3.25 apiece and a $489 million market cap (NYSE: SPCE). However, shares of the Tustin-based space tourism firm are down 63% since its 52-week high of $8.90 on June 1.
The S&P 500 was up 1.3% to 7,751.78 and Nasdaq rose 2% to 27,043.75.
Crude oil was down 4.8% to $91.42 a barrel.
Smith Micro Software Inc. shares dropped 9% to $2.70, giving the company a market cap of $14.8 million. The Aliso Viejo software provider announced that founder Bill Smith is returning as president and CEO after Tim Huffmyer resigned (Nasdaq: SMSI).
Tilly’s Inc. shares fell 5% to $4,
Tilly’s Inc. shares fell 5% to $4, with a market cap of $124 million. The Irvine youth apparel retailer is trading at 62% less than its average daily volume (NYSE: TLYS).
Mobix Labs Inc. shares dropped 4.9% to 89 cents, giving the company a market cap of $16 million. The Irvine semiconductor and national security firm announced a production order of $1 million-plus on Thursday for advanced RF sensing subsystems (Nasdaq: MOBX).
Shares oflion market cap. The Irvine-based advertising software company today announced a public offering of 8.5 million shares of its common stock by a selling stockholder.except for shares sold if the underwriters exercise their option to purchase up to an additional 1.275 million shares directly from
Rillion ahead of the Irvine-based electric vehicle maker
Rillion ahead of the Irvine-based electric vehicle maker scheduled to participate in a fireside chat at the Evercore ADAS, AV & AI Forum in Chicago on Sept. 29 (Nasdaq: RIVN)
The Nasdaq increased 1.6% to 23,395.15.
The yield on a 10-year Treasury bond decreased 1.3% to 4.943%.
Crude oil was down 1.2% to $101.64 per barrel.
Alignment Healthcare is down about 7% to $9.65 with a market cap of about $2 billion. Shares of the Orange-based Medicare Advantage insurerfell to a new 52-week low of $9.54 after executives cited higher-than-expected institutional medical costs this week. The company said it has not changed its financial guidance (Nasdaq:ALHC).
Irvine-based Beta Bionics Inc., maker of automated insulin delivery systems for diabetes, continues to rise after announcing earlier this week that it had received FDA clearance for its Mint patch pump. Shares are up 5.25% to $20.24 with a market cap of $910 million. The stock price, however, is down 34% from a year ago (Nasdaq: BBNX).
Bimergen Energy Corp
Bimergen Energy Corp. is up 4% to $2.83 a share with a $20 million market cap. The Newport Beach-based company, which is using massive batteries to store electricity to relieve aging U.S. grids, presented its $400 million growth strategy at last week’s Moody Capital Solutions 2026 Conference (NYSE American: BESS).
Chipmaker Skyworks Solutions in Irvine rose 11% to $87.71 per share for a market cap of $13.2 billion as the company heads toward the final approval of its $22 billion merger with Qorvo (Nasdaq: SWKS).
Beta Bionics Inc., an Irvine-based maker of automated insulin delivery systems for diabetes, jumped 7% to $17.89 apiece for a market cap of $805 million, a day after announcing it had received FDA clearance for its Mint patch pump (Nasdaq: BBNX).
The price for a barrel of oil jumped
The price for a barrel of oil jumped 3.2% to $104.64 amid renewed hostility in the Middle East.
Irvine-based Veritone Inc. jumped 13% to $1.18 per share with a $117 million market cap on Monday (Nasdaq: VERI). Shares of the AI firm have grown about 35% since displaying its new Veritone Video Intelligence and expanded Digital Media Hub capabilities at the IBC2026 industry show in Amsterdam last Friday.
Shares in TTM Technologies Inc. fell 7.4% to $117.02 apiece and a $12 billion market cap (Nasdaq: TTMI). The Santa Ana-based firm announced late last week a $500 million senior notes offering, expected to close on September 24.
Semiconductor company Skyworks Solutions Inc
Semiconductor company Skyworks Solutions Inc. dropped 9.6% to $79.82 per share with a market cap of $12 billion (Nasdaq: SWKS). Irvine-based Skyworks lost Friday gains from when CEO Phil Brace told investors that the $22 billion merger with Qorvo is in the final stages at last week’s Goldman Sachs Communacopia + Technology Conference.
Gold fell 1.8% to $4,330.50 per ounce.
Crude oil was up 3% to $103.06 a barrel.
Sept. 11SEMICONDUCTORS
Irvine-based semiconductor company Skyworks Solutions rose 9% to $91.65 per share for a market cap of $13.8 billion, after CEO Phil Brace told investors at a conference that the $22 billion merger with Qorvo is in the final stages of regulatory approval (Nasdaq: SWKS).
AI
AI-focused data company Veritone rose 7% to 95 cents per share for a market cap of $95 million after displaying Veritone Video Intelligence and expanded Digital Media Hub capabilities at the IBC2026 industry show in Amsterdam, which started today (Nasdaq: VERI).
MARKETS
The price for a barrel of oil fell 3.2% to $99.42, despite increasing risks to supply due to the conflicts with Iran.
INDEXES
The latest increases in the CPI inflation and core CPI, released today, have increased the odds for a Fed rate hike next week, according to CNBC.
The S&P 500 was up 1.1% at 7,673.19.
Dow 30 increased 1% at 52,600.64.
Nasdaq rose 1.3% to 26,415,73.
EMPLOYMENT
Renewal by Andersen LLC told California state officials it plans to lay off 131 people in Orange and Laguna Hills as of Nov. 2.
–Kevin CostelloeSept. 10 RETAIL
Tilly’s Inc. rose 4.7% to $4.25 per share with a $130 million market cap. Zacks Research upgraded shares in Irvine-based youth-focused retailer from a Hold rating to a Strong Buy rating on Monday (NYSE: TLYS).
TECHNOLOGY
Skyworks Solutions increased 9.5% to $84.11 apiece with a market cap of $12.6 billion. Executives from the Irvine-based chipmaker are presenting in a fireside chat at Goldman Sachs Communacopia and Technology Conference in San Francisco today (Nasdaq: SWKS).
MARKETS/INDEXES
The yield on a 10-year Treasury bond rose 1.8% to 4.926%.
Crude oil jumped 6% to $101.73 per barrel.
Gold fell 1.3% to $4,402 per ounce.
–Yuika Yoshida
