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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
Greg David
22 Nov 14 09:37:36
I want to give http://t.co/RMvVXoiPW9 a shout out. Banked 125% last week thanks to them. You guys rock! $HT $NSPH $EOX $XOMA
Mark Trader
22 Nov 14 08:30:22
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Bret Jensen
22 Nov 14 07:53:34
Commented on: "Looking For My Next Triple In Biotech" http://t.co/GTNge3MN2C $AVNR $PGNX $XOMA
12Stocks.com
22 Nov 14 03:04:12
Weekly SmallCap #Stocks Trend $GERN $NETE $NGVC $SSI $RNDY $XOMA $MGNX $NLNK $KIRK $AGIO $RCPT $LL more@ http://t.co/GiravokQod
Mark Trader
22 Nov 14 00:04:41
Thank you http://t.co/FOdvsRfk32! Your 5 pro traders are amazing. I would recommend the 14-day trial to anyone. $HT $NSPH $EOX $XOMA
Stockaholics
21 Nov 14 23:30:19
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $AIQ $BBX $XOMA
Greg David
21 Nov 14 22:00:49
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $HT $NSPH $EOX $XOMA
danrocks
21 Nov 14 18:33:00
Right now XOMA is number 46 for the largest percentage gain out of 250 stocks. $XOMA XOMA is up +17.09% in the http://t.co/lwrmyb6Hbn
danrocks
21 Nov 14 18:32:35
$XOMA XOMA Stock is number 46 for the largest percentage gain out of 250 stocks. $XOMA XOMA is up +17.09% in the las http://t.co/LFTlQUESzM
Stockaholics
21 Nov 14 15:49:42
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $AIQ $BBX $XOMA
FinSentS NASDAQ
21 Nov 14 15:26:24
$XOMA:US XOMA Corp Worth Watching: Stock Moves 10.3% Higher #XOMA LTD http://t.co/RyIGlysqEB #NASDAQ
$Stocknewsalerts
21 Nov 14 12:01:37
$XOMA New SEC Document(s) for XOMA Corporation From our Stock News Alerts App
chartguy89
21 Nov 14 11:56:05
XOMA 4.565 Stock Charts $XOMA XOMA Corp. (NASDAQ) Last Updated: 11/21/2014 13:56:09 XOMA Stock Chart - 1 Month http://t.co/eyXesrt2ug
John Ross
21 Nov 14 11:50:55
$XOMA These insiders are worse than day traders - selling every pop!
StockNews
21 Nov 14 11:49:10
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/QvmeY02BLY
Pzaa...Guy
21 Nov 14 11:49:09
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/mG4Gyz5His
Insider Filings
21 Nov 14 11:49:07
$XOMA: RUBIN PAUL D sold a net $7,550 in XOMA Corp. http://t.co/brrDJrKx89
Stocks News&Markets
21 Nov 14 11:49:06
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/x0PGIjLy21
NASDAQ
21 Nov 14 11:49:02
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/epIn3NImmh
Greg David
21 Nov 14 10:42:47
I want to give http://t.co/m2LNLuLe8I a shout out. Banked 125% last week thanks to them. You guys rock! $HT $NSPH $EOX $XOMA
Stockaholics
21 Nov 14 09:58:09
578% Gains On Penny Stocks in one month! Plus a New Pick Is Coming: http://t.co/2W3yKD2d5Q $AIQ $BBX $XOMA
Mark Trader
21 Nov 14 09:55:45
Thank you http://t.co/gxkYNDhqU2! Your 5 pro traders are amazing. I would recommend the 14-day trial to anyone. $HT $NSPH $EOX $XOMA
FonsieTrader
21 Nov 14 09:52:10
$XOMA Levels to watch http://t.co/7RzoZILkHC
Vincent
21 Nov 14 09:46:13
going to try and get 4.90 exit for my final 1/4 $XOMA
Vincent
21 Nov 14 09:44:58
sol1d another 1/4 $XOMA @ 4.73 from 4.05, 1/4 remain
BioRunUp
21 Nov 14 09:42:04
$XOMA volume... crazy buying last few days
FonsieTrader
21 Nov 14 09:32:46
$XOMA HOD
US_proptrader
21 Nov 14 09:31:26
$AMCC $AMKR $ARRY $CANF $CLDX $NLNK $PGNX $SNTA $XOMA autocharts @ http://t.co/rTnYb8yj59
Жусупов Олег
21 Nov 14 09:29:58
$XOMA interested
Vincent
21 Nov 14 09:27:07
$XOMA another big ask at 4.70 ~155k
US_proptrader
21 Nov 14 09:16:26
$BBD $CANF $ECYT $FMSA $GERN $NLNK $SFUN $XCO $XOMA autocharts @ http://t.co/rTnYb8yj59
Vincent
21 Nov 14 09:12:44
$XOMA near HoD again (1/2 position remaining)
US_proptrader
21 Nov 14 08:43:22
$BBRY $CLDX $ECYT $GDP $GERN $TLM $XOMA autocharts @ http://t.co/rTnYb8yj59
Etos Etana
21 Nov 14 08:15:04
RT @iHangout: http://t.co/a7S0ZZgFj1 clayton: Momentum Players: XOMA 4.66 Xoma Ltd $XOMA added to my watch list. http://t.co/bRH6Cf6Aj6
Joe
21 Nov 14 08:14:24
I am going to hold $xoma through results. Whenever that is? #soon
iHangout
21 Nov 14 08:11:49
http://t.co/a7S0ZZgFj1 clayton: Momentum Players: XOMA 4.66 Xoma Ltd $XOMA added to my watch list. http://t.co/bRH6Cf6Aj6
Investors Hangout
21 Nov 14 08:04:19
clayton: XOMA 4.66 Xoma Ltd $XOMA added to my watch list. http://t.co/2cPRBrcqLw
Investors Hangout
21 Nov 14 08:04:19
clayton: XOMA 4.66 Xoma Ltd $XOMA added to my watch list. http://t.co/6posBqmBO6
Investors Hangout
21 Nov 14 08:04:18
clayton: XOMA 4.66 Xoma Ltd $XOMA added to my watch list. http://t.co/m2Wu6ORRtr
Investors Hangout
21 Nov 14 08:04:17
clayton: XOMA 4.66 Xoma Ltd $XOMA added to my watch list. http://t.co/T9zl6tLtfa
clayton
21 Nov 14 07:59:11
XOMA 4.66 Xoma Ltd $XOMA added to my watch list. Right now with XOMA I am watching the last price 4.66 High 4. http://t.co/mD8jwMENfd
clayton
21 Nov 14 07:58:49
$XOMA XOMA 4.66 Xoma Ltd $XOMA added to my watch list. Right now with XOMA I am watching the last price 4.66 High 4. http://t.co/oMuOSAQ3Oj
Solar Melt
21 Nov 14 07:57:27
$XOMA going to $143 in a year or so: https://t.co/xnP7ddurYg
FonsieTrader
21 Nov 14 07:53:22
$XOMA heading higher
GapperTrades
21 Nov 14 07:20:37
$GERN, $XOMA.. examples of biotechs lifting off. Would like to see this spread.
Vincent
21 Nov 14 06:39:48
Sold another 1/4 $XOMA @ 4.68 from4.05 avg
Mahmissa
21 Nov 14 06:39:26
Short $xoma 4.54
SFOScanner
21 Nov 14 06:37:05
Is it too early to look at Jan 16 calls? Here some stocks with incredibly expensive options $XOMA $CDE $VHC $MHR $SSRI $SGMO $AUY $INVN
Christopher Angus
21 Nov 14 06:20:03
Stocks near strong channel: $FOXA, $IBDA, $PIN, $XOMA
TheZar
21 Nov 14 06:12:14
GM my online friends, watchlist- $DDS, $CANF, $AMZN, $XOMA, $RIC
				
				
  +Follow August 22, 2013 12:48PM
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