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XOMA Corporation Spikes on Price Offering

  +Follow August 22, 2013 12:48PM
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Biotech company XOMA Corporation ($XOMA) announced the price of their common stock offering on Thursday that sent the price of shares on an upward trajectory.

XOMA is offering 7.6 million shares at $3.62 a share, which should net the company around $25.5 million. Also, the company is allowing underwriters a 30 day option on an additional 1.14 million shares.

The Berkeley, Ca.-based biotech firm's flagship drug (and focus of principal reserach) is called gevokizumab. The drug is a humanized monoclonal antibody which is used primarily in the treatment of diabetes. On July 22 the drug entered Phase 2 of the approval process. Gevokizumab is also currently in phase III development for treating non-infectious uveitis and Behçet’s uveitis, which are multiskeletal inflammatory disorders.

On Aug. 7, the company reported a 21 cent per-share loss for the second quarter of 2013, missing revenue estimates by 21 percent. XOMA’s stock dropped precipitously on the news, losing around 20 percent of its value. In March, the stock was thought to be the most undervalued biomed stock under $10.

XOMA is down 20.27 percent on the month, hurt by the lagging earnings for the second quarter. But with Thursday's offering, the stock shot up 11.17 percent to hit $4.47 a share.

(image courtesy of Wikimedia Commons)

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for XOMA
TV_Trading Ideas
22 Oct 14 19:20:47
XOMA Good Trade While Waiting For Results $XOMA http://t.co/81lwMYFk5r
daytraderCB
22 Oct 14 19:20:37
$XOMA sold 2K shares in at $4.16 out at $4.33 +.17c ,Still holding $4 puts I sold and $5 calls exp. Nov.22nd
Colin Macleod
22 Oct 14 19:04:53
4 Beautiful Evening Star Setups to Short http://t.co/BT2kzn3NJo $XOMA $NI $NDLS $CRUS
Stockaholics
22 Oct 14 14:43:40
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/H5HPSVIRF1 $AIQ $BBX $XOMA
Irma Doucet
22 Oct 14 14:30:51
$XOMA XOMA Corp Target of Unusually High Options Trading (XOMA) http://t.co/LAVgV1oQkl
Stockaholics
22 Oct 14 10:50:29
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AIQ $BBX $XOMA
Vincent
22 Oct 14 10:32:37
awe, touched 4.35 but my limit didn't fill, $XOMA darnit
DP Financials
22 Oct 14 07:36:17
@Skipjackrick @zbiotech Rick any plans on shorting $XOMA NOV puts?
Dieter Hovekamp
22 Oct 14 05:40:04
RT @JasonHolman5: $MGNX $GILD $ABLX $ISIS $MSTX $BIND $XOMA Futures red. Top Biotech IPO's I dream of: AdaptImmune, Moderna, & Unum. Good L…
Jason Holman
22 Oct 14 03:30:19
$MGNX $GILD $ABLX $ISIS $MSTX $BIND $XOMA Futures red. Top Biotech IPO's I dream of: AdaptImmune, Moderna, & Unum. Good Luck today!
Stockaholics
21 Oct 14 22:20:04
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AIQ $BBX $XOMA
Hooligan
21 Oct 14 13:21:06
@derrickiztroubl and holding $XOMA from 4.17
Stockaholics
21 Oct 14 12:56:32
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AIQ $BBX $XOMA
DailyStockPicks
21 Oct 14 11:38:36
Earnings out for Owens Corning tomorrow. Is it due for a collapse? http://t.co/Est9NjxYUb $ARWR $AA $XOMA $XIV $DRIO $UTIL $JBS $JCP $TKMR
Stockaholics
20 Oct 14 21:20:35
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AIQ $BBX $XOMA
Stockaholics
20 Oct 14 17:37:48
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AIQ $BBX $XOMA
equities.com
20 Oct 14 17:13:49
XOMA Corporation (XOMA) Jumps 5.59% on October 20 $XOMA http://t.co/sS0B1idEaq
US Banking News
20 Oct 14 15:12:49
XOMA Corp Target of Unusually High Options Trading $XOMA http://t.co/UrQha10QC7
Sleek Money
20 Oct 14 15:05:36
XOMA Corp Target of Unusually High Options Trading $XOMA http://t.co/4DT6DYGMRP
Stockaholics
20 Oct 14 13:12:43
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/lWd4jUXeCy $AIQ $BBX $XOMA
nixon786
20 Oct 14 12:58:12
$XOMA is one of those company that is on block for decades, with out any products and close to $1 billion burned
nixon786
20 Oct 14 12:55:43
$XOMA looks at the xoma price 7 months ago
nixon786
20 Oct 14 12:53:00
$XOMA again shortable
Jason Holman
20 Oct 14 11:48:41
$XOMA Good day&good to see the rebound after the recent downturn. Just need patience&they should release PR as we go to retest upper 4's.
Rick
20 Oct 14 11:34:09
. @zbiotech $XOMA get ready for a premium kill.
Yu Zhu
20 Oct 14 11:34:04
RT @zbiotech: seems no trigger for the last $XOMA exacerbation yet, data likely after nov exp
Rick
20 Oct 14 11:33:53
RT @zbiotech: seems no trigger for the last $XOMA exacerbation yet, data likely after nov exp
Stocks Rocks
20 Oct 14 11:33:34
RT @zbiotech: seems no trigger for the last $XOMA exacerbation yet, data likely after nov exp
zach
20 Oct 14 11:33:05
seems no trigger for the last $XOMA exacerbation yet, data likely after nov exp
Hooligan
20 Oct 14 10:18:39
$XOMA in here at 4.17 for a small taste
Jason Holman
20 Oct 14 09:29:04
"@Stocktok: $XOMA New HOD. One man band here. Lol" Myself, @Griswold are somewhere in the Trumpet line! @MSand68 is hiding in the shadows :)
Stockaholics
20 Oct 14 08:59:37
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $AIQ $BBX $XOMA
JayP
20 Oct 14 07:57:34
$XOMA, back in. Sold Nov $4.50 Puts at 80c. Small size. May add.
JayP
20 Oct 14 07:04:05
$XOMA, Oct $5 calls expired, assigned at $3.92, out at $4.15 for small gain. Looking for re-entry into Nov Calls.
Jason Holman
20 Oct 14 04:00:40
$MGNX $GILD $ABLX $ISIS $BIND $MSTX $XOMA Futures green.GILD ER(28Oct).Need PRs from XOMA&BIND. http://t.co/Suzowcqsy8 Ebola fear decreasing
Stockaholics
20 Oct 14 00:31:21
After Massive Gains On Penny Stock Picks, another New Pick Is Coming! Check it out: http://t.co/YX0NLZhRQ5 $AIQ $BBX $XOMA
Stockaholics
19 Oct 14 20:11:10
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $AIQ $BBX $XOMA
Stockaholics
19 Oct 14 17:27:49
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $AIQ $BBX $XOMA
Stockaholics
18 Oct 14 04:09:01
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $AIQ $BBX $XOMA
Stockaholics
17 Oct 14 14:02:29
IBIO Closed Up 69.84% After Our Penny Stock Alert! New Picks Coming: http://t.co/OG2rloNNni $AIQ $BBX $XOMA
Bio Penny Picks
17 Oct 14 13:20:51
RT @Skipjackrick: I'm getting too lazy to post up PnL these days at OPEX. So, $GPRO $SPY $IWM $NFLX $UVXY $ALIM $XOMA $ADHD $CPRX +$20,401
Rick
17 Oct 14 13:14:50
I'm getting too lazy to post up PnL these days at OPEX. So, $GPRO $SPY $IWM $NFLX $UVXY $ALIM $XOMA $ADHD $CPRX +$20,401
nixon786
17 Oct 14 13:07:51
RT @HarryWalkman: $XOMA Insider Selling: John Varian Sells 10000 Shares of XOMA Corp Stock (XOMA) http://t.co/7rGMy09ckp
nixon786
17 Oct 14 12:59:08
Any $XOMA long wants to bet #iPhone6 ? I am betting on failure of P3 and want to buy new iPhone 6
daytraderCB
17 Oct 14 11:58:50
$XOMA sold to open 20 Nov 22 '14 $5 Calls at .33c
Vincent
17 Oct 14 10:11:12
bougt to close remaining 8 $XOMA Oct $4 Covered Calls @ 0.20 from 0.23, slight gain.
Stockaholics
17 Oct 14 09:58:00
Platinum Penny Stock Picks Gained 125% last week! New Pick Coming Today! Check It Out: http://t.co/7gQJ2ZCjuq $AIQ $BBX $XOMA
Investors Hangout
17 Oct 14 09:53:12
leahanne: $XOMA Xoma Ltd (XOMA) 4.12 +0.05 (+1.23%) $SOXL http://t.co/9P61rlhq8K
Investors Hangout
17 Oct 14 09:53:12
leahanne: $XOMA Xoma Ltd (XOMA) 4.12 +0.05 (+1.23%) $SOXL http://t.co/FwpZygHXxx
leahanne
17 Oct 14 09:42:01
$XOMA Xoma Ltd (XOMA) 4.12 +0.05 (+1.23%) $SOXL $HXD.TO $SMH http://t.co/GpdqeUk74E
				
				
  +Follow August 22, 2013 12:48PM
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