Irvine-based companies experienced varied stock movements recently, with several firms reporting increases following financial updates or strategic announcements, while others saw declines.
CW Bancorp, the Irvine-based parent of CommerceWest Bank, saw its shares rise 4% to $43.95, bringing its market capitalization to $129 million. The company declared a cash dividend of 23 cents per common share, which is payable on October 1 to shareholders of record as of September 11.
Pro-Dex Inc., the Irvine company known for manufacturing powered surgical and dental instruments, climbed 15% to $71, with its market cap reaching $227 million. The firm reported fourth-quarter revenue of $77.5 million, marking a 16% increase from $66.6 million in the previous year. Previously, the company had experienced a 5.7% fall to $69.20.
Tarsus Pharmaceuticals Inc., an Irvine-based biopharmaceutical company focused on treatments for eye diseases, recorded a 6% increase in its shares, reaching $78.44 and a market cap of $3.4 billion. Company leaders are scheduled to participate in two upcoming investor conferences: Wells Fargo’s 21st annual healthcare conference on September 8 and H.C. Wainwright’s conference on September 15. The stock has risen 38% since the firm released its second-quarter results on August 6, which included Xdemvy sales of $173.9 million, an increase of over 69%.
Boot Barn Holdings Inc., the Irvine-based retailer of western and work apparel, saw its shares rise 4.6% to $153.54, giving it a market capitalization of $4.6 billion. The company was noted as trading at 80% below its usual volume.
Irvine-based Tilly’s Inc., a youth-focused retailer, recorded an 8.9% increase in its share price to $4.15 per share, with a market cap of $126 million on Thursday. The company stated in its fiscal second-quarter report on Wednesday that after several consecutive quarters of “positive operating momentum,” 2026 could mark its first fiscal year of profitability since 2022.
Shimmick Corp, an Irvine construction and engineering firm, saw its shares rise 5% to $4.20 per share, giving it a market cap of $173 million. The firm was trading at 26% below its typical volume.
Netlist Inc., an Irvine-based maker of computer memory products, saw its shares increase 9.1% to $5.62 apiece. Roth Capital analyst Suji Desilva reiterated the firm’s $15 price target on Wednesday, following Netlist’s appeal loss in a patent lawsuit against chipmaker Micron Technology, as reported by TheFly.
Lantronix Inc., the Irvine-based Edge AI and IoT provider, rose 5.3% to $5.96 per share during midday trading, reaching a market cap of $268 million. Shares increased after the company reported fourth-quarter revenue of $31.2 million on Wednesday, which exceeded the $30.7 million expected by analysts. This movement followed an earlier report of a 9.3% decline to $5.47, despite its Q4 revenue being up 8% from last year.
Conversely, some Irvine companies faced declines. Xponential Fitness Inc., the Irvine-based boutique fitness chain, saw its shares fall 7.7% to $4.44, resulting in a $220 million market cap. The company recently named Jennifer Ryu as its new chief financial officer, effective October 19. Shares of Xponential Fitness are down 46% year over year.
Kura Sushi USA Inc., the Irvine-based Japanese sushi chain, fell 5.1% to $45.03 per share, with a market cap of $553 million. Its shares have declined 15% since at least four analyst firms, including Roth Capital and TD Cowen, lowered their price targets on July 8. This followed the company's decision to cut its previous 2026 revenue forecast.
LoanDepot Inc., an Irvine-based mortgage lender, experienced a 7.2% fall in its shares to 87 cents, giving the company a market cap of $388.5 million. The firm was trading at 45% less than its average volume.
Irvine-based electric vehicle maker Rivian Automotive Inc. also saw its shares fall 7% to $15.64, with a market cap of $22.6 billion. This decline followed the resignation of Chief Financial Officer Claire McDonough.