Midday Stock Roundup: SBC Medical Jumps 28%

Nov. 13 HEALTHCARE Shares of SBC Medical Group Holdings Inc. (Nasdaq: SBC) jumped 28% to $6.88 apiece, giving the Irvine-based medical services company a market cap of $710 million. The company, which provides management services to medical clinics primarily in Japan, reported today a 35% increase in third-quarter revenue to $59 million. Operating income increased 66% to $26 million compared to the same quarter, last year. AEROSPACE Shares of Virgin Galactic Holdings (NYSE: SPCE) plunged 24% to $2.02 apiece for a market cap of $307 million following its third-quarter earnings report. The Tustin-based space tourism company reported a net loss of $59 million, compared with a $64 million loss a year earlier, while revenue totaled just $427,000. CONSTRUCTION Shares of Shimmick Corp. (Nasdaq: SHIM) rose 7% to $2.51 apiece for a market cap of $103 million after the Irvine-based infrastructure builder reported its first quarterly profit since Q3 2023.

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