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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
Stock Rocket
18 Sep 14 21:59:22
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/h5N34SPJ6o $AIQ $BBX $XOMA
Vincent
18 Sep 14 19:20:04
Tr adePorts(Sep-18-2014): $NAVB $DRWI $GEVO $OXGN $PSDV $RXII $XOMA ...etc.. http://t.co/MvDwmX6DJm
Vincent
18 Sep 14 19:16:07
Trdes from today(Sep-18-2014): $XOMA $NEWL $SGYP $YELP $MU $PSDV $NURO http://t.co/7LFdnV6KCz
Christopher Somers
18 Sep 14 18:16:07
$XOMA - I presume we will hear from you next week ?
Eric
18 Sep 14 07:12:21
$XOMA P3 results 4Q http://t.co/XtRdmiXRBs
PaNu
18 Sep 14 07:03:45
$XOMA give us that PR we are waiting for
InterCooler
18 Sep 14 06:37:01
Insider Selling: John Varian Sells 10,000 Shares of XOMA Corp Stock $XOMA http://t.co/xWqDYHWeo4
Kincora Capital
18 Sep 14 04:08:32
$SPY $DJIA and $NASDAQ all very green in futures trading. Party is back on for the time being. Long $XOMA
Jason Holman
18 Sep 14 03:51:44
$GILD $MGNX $MSTX $ABLX $BIND $PCYC $XOMA $DRNA futures are green, IBB looks good. No Fed worries. Should be a good day.
chartguy89
18 Sep 14 02:45:50
XOMA 4.63 Stock Charts $XOMA XOMA Corp. (NASDAQ) Last Updated: 09/18/2014 04:45:57 XOMA Stock Chart - 1 Month http://t.co/qiPETmHjGk
Stock Rocket
18 Sep 14 00:41:35
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $AIQ $BBX $XOMA
TV_Trading Ideas
17 Sep 14 20:59:39
XOMA Buying Here Is Buying Low $XOMA http://t.co/e2erKX1hnk
nixon786
17 Sep 14 20:47:09
Feel like negative news for $XOMA traders coming
Vincent
17 Sep 14 16:33:03
Tr ade Ports(Sep-17-2014): $NAVB $DRWI $GEVO $NURO $OXGN $PSDV $RXII $SGYP $XOMA .etc.. http://t.co/T8hpBZ3O9U
Jason Holman
17 Sep 14 16:14:56
$XOMA Really attractive P/L that can be carried w/revenues from EYEGUARD successs-1st let's get that good data&touch $1B MC off Gevokizumab.
Stock Rocket
17 Sep 14 16:05:16
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $AIQ $BBX $XOMA
Stock Rocket
17 Sep 14 13:35:17
$NETE Gained 551.93% In The Past 6 Weeks! Major News: http://t.co/PU7GW934W5 $AIQ $BBX $XOMA
Stockaholics
17 Sep 14 11:39:40
$RSII gained 150% in 4 days! Get our top penny stock picks early: http://t.co/iSqL7zgTT1 $AIQ $BBX $XOMA
daytraderCB
17 Sep 14 10:22:27
$XOMA sold to open 20 Oct 18 '14 $5 Puts at .86c
investorcali
17 Sep 14 10:19:37
RT @KeeneOnMarket: Trader bought over 15000 $XOMA Dec 5 Calls for $1.35, I am LONG LONG LONG $XOMA
Eli Pritsker
17 Sep 14 10:12:03
RT @BioBreakout: $XOMA Another one that's on the verge of an explosive run...IMHO
Eternity101
17 Sep 14 10:11:21
RT @BioBreakout: $XOMA Another one that's on the verge of an explosive run...IMHO
Bio$$$Trees
17 Sep 14 10:09:57
@BioBreakout what do you make of the insider sells + Form 4s ? $XOMA
BioBreakout
17 Sep 14 10:09:18
$XOMA Another one that's on the verge of an explosive run...IMHO
Amit Gupta
17 Sep 14 09:17:08
Now 40K shares bid @ 4.69 - $XOMA
cris mih
17 Sep 14 09:09:10
RT @amitp_gupta: $XOMA seeing big bid 31K shares @ 4.69 - PR any day now
Amit Gupta
17 Sep 14 09:02:43
$XOMA seeing big bid 31K shares @ 4.69 - PR any day now
WKRB News
17 Sep 14 07:35:37
Insider Selling: John Varian Sells 10,000 Shares of XOMA Corp Stock $XOMA http://t.co/HY3J0kVqMZ
US Banking News
17 Sep 14 07:27:42
XOMA Corp CMO Sells $22,950 in Stock $XOMA http://t.co/qPMIYxWcwV
John Welsh
17 Sep 14 06:41:32
$XOMA trimmed back down to 5k, plus .15 or so. Not going to play again until PR for events comes out. Will stay small size.
Kincora Capital
17 Sep 14 06:38:06
Great recovery from yesterday's lows of $4.40s for $XOMA. Held the trend-line as we called. Want to see $5 this week http://t.co/1oGxm5n7WN
Amit Gupta
17 Sep 14 06:36:05
$XOMA early buyers
ZOZO
17 Sep 14 03:05:08
$XOMA to meet with Piper Jaffray Meetings to be held in Chicago on September 17 and in Minneapolis on September 18 hosted by Piper Jaffray.
joshwin
16 Sep 14 22:08:36
RT @AmericanBanking: XOMA Corp CEO John Varian Unloads 10,000 Shares $XOMA http://t.co/NNbvBvh38q
Alpha Maven Alerts
16 Sep 14 21:25:34
$XOMA, Active, Yesterday, SD +3.73, #NASDAQ #HealthCare
Stockaholics
16 Sep 14 20:42:16
Our Platinum Penny Stock Picks, Gained 90% In The Past 2 Days! Get our next pick early: http://t.co/hep0lGZUgZ $AIQ $BBX $XOMA
US Banking News
16 Sep 14 19:28:10
XOMA Corp CMO Unloads $22,950 in Stock $XOMA http://t.co/UuYrrwOKmq
US Banking News
16 Sep 14 19:28:08
XOMA Corp CEO John Varian Unloads 10,000 Shares $XOMA http://t.co/NNbvBvh38q
US Banking News
16 Sep 14 19:28:07
XOMA Corp CMO Sells $22,950 in Stock $XOMA http://t.co/uublKncHnb
Trey
16 Sep 14 19:03:22
$XOMA all of u chumps buying now will be the same ones bailing at 3 -3 fitty
Eli Pritsker
16 Sep 14 18:55:51
RT @Pharmdca: Another buying opportunity by friday thanks to alibaba. $ecyt $omed $cytr data at esmo end of this month. $xoma +ve could spi…
Vincent
16 Sep 14 18:01:22
Tr ade Ports(Sep-16-2014): $NAVB $DRWI $GEVO $NURO $OXGN $SGYP $XOMA ..etc.. http://t.co/O1BFsVUITW
PHARMD
16 Sep 14 17:28:03
Another buying opportunity by friday thanks to alibaba. $ecyt $omed $cytr data at esmo end of this month. $xoma +ve could spike above 6-7
Juan Ross
16 Sep 14 17:05:11
$XOMA If you read these careful, you can smell the BS
Mathew Abraham
16 Sep 14 16:39:52
RT @JasonHolman5: $XOMA http://t.co/wKh891dylK Great sign: Step1-Employee Benefit plan.Step2-Insiders acquiring shares across board (15.4% …
Patrick
16 Sep 14 16:00:12
#SENTISHIFTUP $TSLA $HE $MILL $KATE $KORS $TGT $UGAZ $SSD $DD $XOMA #quantheta
$Stocknewsalerts
16 Sep 14 15:46:00
$XOMA New SEC Document(s) for XOMA Corporation From our Stock News Alerts App
Pzaa...Guy
16 Sep 14 15:32:24
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/DRyPz9lJv9
StockNews
16 Sep 14 15:32:10
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/DrCevW9BXp
VisualStock Resource
16 Sep 14 15:32:07
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/KbX93U5yNZ
				
				
  +Follow August 22, 2013 12:48PM
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