logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

XOMA Corporation Spikes on Price Offering

  +Follow August 22, 2013 12:48PM
Share:
Tickers Mentioned:

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.


Liked What You Read? Join Equities.com as a contributor and get eyeballs on your content FOR FREE!

Results for XOMA
James P Worthy
26 Jan 15 15:03:17
$XOMA First Call Rating Update on XOMA Corp http://t.co/4LoLfkZvKp
Trader News Daily
26 Jan 15 13:52:13
Wow http://t.co/gNduZx2wXA just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
StockSpotter
26 Jan 15 13:48:40
$XOMA up 4.0% to 3.62 bullish at a cycle trough #stocks #markets #trading http://t.co/25mM2NQrqc
PHARMD
26 Jan 15 10:59:27
Holding $nlnk $mnkd $juno $xoma and $gild
InsiderTradingWire
26 Jan 15 09:45:24
$XOMA | XOMA Corporation is down 19% since we reported $11,357,289 of insider selling on 12/04/2014. Did you ... - http://t.co/MQpXGFVjzS
Brice Foose
26 Jan 15 09:30:27
@PharmDFoose Flipped this $XOMA position today at 3.60. Will look to buy back when Bakers dump some more.
Christopher Somers
26 Jan 15 08:36:01
$XOMA - breaking news - is green
Mark Trader
26 Jan 15 08:06:23
The last http://t.co/8hGh2pPo4U alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
Trader News Daily
26 Jan 15 06:26:39
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
Greg David
26 Jan 15 05:36:21
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
ProTradersNews
26 Jan 15 00:46:04
$XOMA: Stocks Underperform for the Week: XOMA Corp , Linn Energy LLC: http://t.co/ei5VzEBpj8
Penny Stock Secret
25 Jan 15 22:15:52
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $EOPN $OCUL $XOMA
Stock Rocket
25 Jan 15 20:20:37
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/g5jpD7KSUX $AIQ $BBX $XOMA
PennyStocker
25 Jan 15 17:36:24
Wow the last pick from http://t.co/p3LC54YE49 popped over 450%. Nice for being free. $EROC $GGB $XOMA $NGD
Greg David
25 Jan 15 17:08:23
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
Trader News Daily
25 Jan 15 14:55:11
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
PennyStocker
25 Jan 15 11:35:50
Wow the last pick from http://t.co/p3LC54YE49 popped over 450%. Nice for being free. $EROC $GGB $XOMA $NGD
Trader News Daily
25 Jan 15 11:02:21
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
Stockaholics
25 Jan 15 10:44:53
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $AIQ $BBX $XOMA
Stockaholics
24 Jan 15 22:15:30
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $AIQ $BBX $XOMA
PennyStocker
24 Jan 15 20:35:02
Wow the last pick from http://t.co/p3LC54YE49 popped over 450%. Nice for being free. $EROC $GGB $XOMA $NGD
Stockaholics
24 Jan 15 18:04:53
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $AIQ $BBX $XOMA
Stockaholics
24 Jan 15 14:09:13
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $AIQ $BBX $XOMA
Stock Rocket
24 Jan 15 10:06:58
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/g5jpD7KSUX $AIQ $BBX $XOMA
Stock Rocket
24 Jan 15 05:45:25
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/g5jpD7KSUX $AIQ $BBX $XOMA
Stock Rocket
24 Jan 15 01:16:09
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $AIQ $BBX $XOMA
Pipeline Drug Addict
23 Jan 15 15:15:21
RT @RTNRTN: in $XOMA febr 4$ calls ... approval of drug they have big royalty on #biotech
Stock Rocket
23 Jan 15 14:43:53
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $AIQ $BBX $XOMA
Brooklyn Trader
23 Jan 15 13:41:22
Swing Trading week in Review Video http://t.co/wwSXIvRlIz $GPT $XOMA $ANY $AMTX
US_proptrader
23 Jan 15 12:49:30
$CERS $CONN $PEIX $REXX $SRPT $TGTX $TNK $TTS $XOMA autocharts @ http://t.co/rTnYb8yj59
DCam
23 Jan 15 11:18:23
@BioRunUp Hey during your layover can you please tweet me a "I HATE $XOMA" t-shirt?
US_proptrader
23 Jan 15 09:01:30
$CJES $FOLD $LOCO $MDR $MHR $MRD $REXX $TTM $XOMA autocharts @ http://t.co/rTnYb8yj59
PHARMD
23 Jan 15 08:28:38
$xoma added at 3.43
Christopher Somers
23 Jan 15 07:13:03
$XOMA - acting like it wants to go green....
ProTradersNews
23 Jan 15 06:21:03
$XOMA: XOMA Corporation (NASDAQ:XOMA) near 52-week low on higher ...: http://t.co/vavNTJODpR
arorah13
23 Jan 15 05:26:11
@Mike212x $XOMA good company and pipeline with strong collaboration with servier, pfizer & others though mngmt shd be more investor savvy
Mike212
23 Jan 15 04:59:43
@arorah13 $XOMA this is only the beginning. They also have EYEGUARD in Phase 3 that are showing good results. http://t.co/GtYtyfVxbr
ProTradersNews
23 Jan 15 04:51:05
$XOMA $AXP: Must Watch These 5 Stocks: XOMA Corporation (NASDAQ:XOMA ...: http://t.co/hrh6ITPldu
Penny Stock Secret
23 Jan 15 04:12:35
The Stock Picking Service of 2014 Watch This! Here http://t.co/SVqoMlijqL .. $AIQ $BBX $XOMA
lookn4wins
23 Jan 15 03:15:55
Stocks Trending Now: http://t.co/3At6WLra8p $OYCO $ABAKF $VLKPY $APSCD $BZTG $XOMA $CNRIF $MEOAF $IRF $BRED $GPNE $FREVS ~
RNA_Biotech
23 Jan 15 02:41:42
RT @Drchik23: $aeri $ocul $xoma http://t.co/qv6JUJ2uQ9 3 #biotech stocks with upcoming data
arorah13
23 Jan 15 01:59:08
@Mike212x $XOMA excellent..decision taken by XOMA mgnt about a year and a half ago will get paid off now ;-)
HotKeyTrading
22 Jan 15 21:30:09
Annual Lows: $DLB $RY $HBHC $ACTG $NRG $ATI $EJ $VECO $MNI $GPRE $CNO $XEC $GBCI $OSK $XOMA http://t.co/TRx9EnjwT5 #nyse #stockmarket #spy
Mike212
22 Jan 15 21:01:19
$XOMA FDA approves Prestalia for the treatment of hypertension-Symplmed owns the drug, XOMA is entitled to 2x digit royalties from Symplmed
Tanmoy Kumar
22 Jan 15 20:59:47
RT @shaneblackmon: $XOMA might get a little pop off this approval of Prestalia approval. Always good to get double digit royalties
Dutchlion
22 Jan 15 19:08:03
RT @shaneblackmon: $XOMA might get a little pop off this approval of Prestalia approval. Always good to get double digit royalties
Trader News Daily
22 Jan 15 18:42:34
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
masmad1
22 Jan 15 17:16:45
RT @TylerHCanalyst: Drug events for week of 1/19 $XOMA $NPSP $RMTI $NVS $NTRP $XNCR $TRVN http://t.co/OwGQOzIFdT
Mark Trader
22 Jan 15 16:31:28
The last http://t.co/8hGh2pPo4U alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
Frim Company
22 Jan 15 16:03:59
RT @shaneblackmon: $XOMA might get a little pop off this approval of Prestalia approval. Always good to get double digit royalties
				
				
  +Follow August 22, 2013 12:48PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.