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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
Stockaholics
31 Oct 14 15:02:01
Our Penny Stock Alerts Gained 250% In 2 days, So far! Big News: http://t.co/bMKiKj7wmb $AIQ $BBX $XOMA
Momo.Trader007
31 Oct 14 13:15:11
Commented on: "Looking For My Next Triple In Biotech" http://t.co/VVvwEUGw1U $AVNR $PGNX $XOMA
BioRunUp
31 Oct 14 12:59:14
$XOMA looking ugly in to the close
Mathew Abraham
31 Oct 14 12:27:45
RT @vandykeforbes: $XOMA $PGNX triple targets, widely followed author http://t.co/K3uyjSvhII
Bret Jensen
31 Oct 14 12:17:30
Commented on: "Looking For My Next Triple In Biotech" http://t.co/rJ5AfoE1Oh $AVNR $PGNX $XOMA
Peter Green
31 Oct 14 11:43:58
Looking For My Next Triple In Biotech | Seeking Alpha http://t.co/7PCbx5YaqU via @salphatrending $AVNR $PGNX $XOMA
HotKeyTrading
31 Oct 14 11:00:04
Unusual Options Activity: Calls: $PCLN $TASR $MPC $PPL $VRX $ACAD $RAD $SPWR $JDSU $INVN $MBI $PHM $KMP $XOMA $PAYX http://t.co/Vv2VEn80mr
VF
31 Oct 14 10:28:59
$XOMA $PGNX triple targets, widely followed author http://t.co/K3uyjSvhII
VF
31 Oct 14 10:28:31
RT @SeekingAlpha: Looking For My Next Triple In Biotech http://t.co/zKMiLsUMZa $AVNR $PGNX $XOMA
Seeking Alpha
31 Oct 14 10:26:38
Looking For My Next Triple In Biotech http://t.co/zKMiLsUMZa $AVNR $PGNX $XOMA
Rick
31 Oct 14 10:00:41
$XOMA looks like 250 $4 NOV puts were covered this morning at 0.12c and then another order for 100 $4 NOV puts were also covered.
Lucretia
31 Oct 14 09:30:45
$XOMA XOMA Corp Now Covered by Analysts at Roth Capital (XOMA) http://t.co/9mKn1ZIbAH
Clair Voight
31 Oct 14 09:30:43
$XOMA Insider Selling: John Varian Sells 10000 Shares of XOMA Corp Stock (XOMA) http://t.co/xbaizbB400
JayP
31 Oct 14 06:59:23
$XOMA, covered the Sold Puts from 80c to 30c. $$$, I am looking for this to (hopefully) revisit low $4's for re-entry
Stockaholics
31 Oct 14 04:51:57
Our Penny Stock Newsletter Alert On MGON Closed up 112.5% Today! Major News: http://t.co/gDCrqEFOy6 $AIQ $BBX $XOMA
US Banking News
31 Oct 14 04:43:59
XOMA Corp CMO Paul D. Rubin Sells 5,000 Shares $XOMA http://t.co/D9V0igsLAM
Penny Stock Secret
31 Oct 14 03:10:09
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/SVqoMkrw2z .. $AIQ $BBX $XOMA
Stockaholics
31 Oct 14 00:43:46
Our Penny Stock Newsletter Alert On MGON Closed up 112.5% Today! Major News: http://t.co/dvxYQnSJab $AIQ $BBX $XOMA
HotKeyTrading
30 Oct 14 23:00:05
Unusual Options Activity: Calls: $PPL $VRX $ACAD $RAD $SPWR $JDSU $INVN $MBI $PHM $KMP $XOMA $PAYX $AGNC $FEYE $SRPT http://t.co/XQITF0lRKD
Stockaholics
30 Oct 14 17:37:59
Our Penny Stock Newsletter Alert On MGON Closed up 112.5% Today! Major News: http://t.co/dvxYQnSJab $AIQ $BBX $XOMA
Kunal Desai
30 Oct 14 14:18:33
RT @Skipjackrick: $XOMA sold 4K share today to reduce exposure. This trade has been working nicely. (+$2K realized) +$4300 unrealized htt…
Rick
30 Oct 14 14:01:04
$XOMA sold 4K share today to reduce exposure. This trade has been working nicely. (+$2K realized) +$4300 unrealized http://t.co/gQBVZSsmW2
HotKeyTrading
30 Oct 14 11:00:05
Unusual Options Activity: Calls: $PPL $VRX $ACAD $RAD $SPWR $JDSU $INVN $MBI $PHM $KMP $XOMA $PAYX $AGNC $FEYE $SRPT http://t.co/XQITF0lRKD
DailyStockPicks
30 Oct 14 10:03:03
$LAKE and $SMED announce increases in revenue due to #Ebola related business activity. $XOMA investors read: http://t.co/vxKje2CxK4 #stocks
US Banking News
30 Oct 14 05:06:14
Insider Selling: XOMA Corp CMO Sells 5,000 Shares of Stock $XOMA http://t.co/SFssqJbVZ5
Stockaholics
30 Oct 14 02:30:47
VIICQ Closed up 75% Yesterday! Special Update: http://t.co/8A33lxh1RR $AIQ $BBX $XOMA
HotKeyTrading
29 Oct 14 23:00:06
Unusual Options Activity: Calls: $RAD $SPWR $JDSU $INVN $MBI $PHM $KMP $XOMA $PAYX $AGNC $FEYE $SRPT $LAMR $GME $CZR http://t.co/Vv2VEn80mr
Stockaholics
29 Oct 14 22:32:23
$MLCG closed up 166.67% today! Huge News: http://t.co/JxSMla9Afn $AIQ $BBX $XOMA
Stockaholics
29 Oct 14 18:35:45
$MLCG closed up 166.67% today! Huge News: http://t.co/JxSMla9Afn $AIQ $BBX $XOMA
HotKeyTrading
29 Oct 14 15:30:05
Insiders Selling: $GBX $SONC $MSFT $ALK $ATI $R $LOGM $MMM $PG $IPG $XOMA $HI $BPOP $UA $RE http://t.co/XQITF0lRKD #watchlist #stockmarket
US Banking News
29 Oct 14 13:48:18
Insider Selling: Paul D. Rubin Unloads 5,000 Shares of XOMA Corp Stock $XOMA http://t.co/nF0MxlSCCM
US Banking News
29 Oct 14 13:24:54
XOMA Corp CMO Paul D. Rubin Sells 5,000 Shares $XOMA http://t.co/4CevMu3v2o
Pzaa...Guy
29 Oct 14 12:16:33
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/GVIJDHP9Gy
StockNews
29 Oct 14 12:16:32
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/Q3KpSAKuLU
Stocks News&Markets
29 Oct 14 12:16:30
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/GWJIl1rHNM
$Stocknewsalerts
29 Oct 14 12:16:27
$XOMA New SEC Document(s) for XOMA Corporation From our Stock News Alerts App
NASDAQ
29 Oct 14 12:16:26
$XOMA - Statement of Changes in Beneficial Ownership (4) http://t.co/E2336lCks5
Peter Bardens
29 Oct 14 11:31:02
$XOMA XOMA Corp Now Covered by Analysts at Roth Capital (XOMA) http://t.co/eRaJYouCVQ
HotKeyTrading
29 Oct 14 11:00:05
Unusual Options Activity: Calls: $KMP $XOMA $PAYX $AGNC $FEYE $SRPT $LAMR $GME $CZR $NVAX $IDTI $BK $ACI $CMI $SLCA http://t.co/Vv2VEn80mr
Stockaholics
29 Oct 14 10:55:50
Subscribe to our Penny Stock Newsletter, for the best penny stock picks, for FREE: http://t.co/5DC8vbG515 $AIQ $BBX $XOMA
DailyStockPicks
29 Oct 14 06:10:09
#Ebola play $SMED releases Q1 results. Outlook strong due to #flushot season and MedSafe program. $XOMA investors see http://t.co/B7j8KdSNez
Stockaholics
29 Oct 14 03:17:21
Major New Penny Stock Pick Coming Today! Get The Exclusive First Look: http://t.co/vVXyqlasuZ $AIQ $BBX $XOMA
Stockaholics
28 Oct 14 17:59:36
After 371% Gains Our New Penny Stock Pick Is Coming Tomorrow! Get It Early: http://t.co/Nmnx36zJMR $AIQ $BBX $XOMA
SH
28 Oct 14 15:43:14
Unusual Vol $EPB $STML $DMD $COCO $ACAD $PPL $CNSI $HNR $MDCO $KMP $KMR $SO $PAYX $CHRW $XOMA $TXT http://t.co/ywYslwQM9q
DailyStockPicks
28 Oct 14 15:18:40
Partner Jet $PJT.V reports Q3 results. 146% revenue growth trailing P/E of 6.4 forward P/E 3.8. $XOMA investors read: http://t.co/1XMvU8npjr
John Ablemann
28 Oct 14 15:03:29
$XOMA Markets Watch: Hilton Worldwide Holdings Inc (NYSE:HLT), XOMA Corp ... http://t.co/0QLSD50APb
daytraderCB
28 Oct 14 10:34:26
$XOMA covered 20 Nov 22 '14 $4 Puts in at .85c out .40c =+.45c also covered 20 Nov $5 Calls in at .33c out .28c =+.05c made $1394
Anderson Greenberg
28 Oct 14 10:19:00
“@PensionPulse: Some Baker Brother biotechs surging today: $ACAD $BCRX $IDRA $PGNX $SGEN $SGYP $XOMA”@gfunco
Anthony
28 Oct 14 09:40:22
RT @WallStJesus: $XOMA appears player closes 7786 Jan 5 calls 1.05 & opens 7786 Mar 5 calls for 1.50
Stockaholics
28 Oct 14 09:39:35
After 371% Gains A Major New Penny Stock Pick Is Coming: http://t.co/1aBeBJdWkA $AIQ $BBX $XOMA
				
				
  +Follow August 22, 2013 12:48PM
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