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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
TickerChirp
25 Oct 14 23:41:04
Leading Tweets About $XOMA (Xoma Corporation symbol XOMA) on 10/26/2014 http://t.co/a0oGnvJqgA
Bryon Franzen
25 Oct 14 22:33:16
RT @Eternity100000: F D A Calendar http://t.co/H0jeujCZt3 $OXGN $BIND $XOMA $ITMN $INCY $ABBV $FATE $PBYI
DailyStockPicks
25 Oct 14 21:41:29
#virtualreality headsets will be the consumer tech gadget for 2015. $XOMA investors find out how to profit here: http://t.co/UGK1Sij9xy
Eternity101
25 Oct 14 19:20:19
F D A Calendar http://t.co/H0jeujCZt3 $OXGN $BIND $XOMA $ITMN $INCY $ABBV $FATE $PBYI
Stockaholics
25 Oct 14 13:42:07
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $AIQ $BBX $XOMA
Stockaholics
25 Oct 14 10:44:12
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Stock Relay
25 Oct 14 08:37:37
wininstocks2014: Stock Charts: XOMA 4.30 Stock Charts $XOMA XOMA Corp. (NASDAQ) http://t.co/QpQwLhTD3a
wininstocks2014
25 Oct 14 08:35:35
XOMA 4.30 Stock Charts $XOMA XOMA Corp. (NASDAQ) Last Updated: 10/25/2014 10:35:35 XOMA Stock Chart - 1 Month http://t.co/ciG1Lhl5w8
Stockaholics
25 Oct 14 00:15:10
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/Wsu24zYrur $AIQ $BBX $XOMA
DailyStockPicks
24 Oct 14 16:14:02
Attn $XOMA investors: U.S. government grants five open #Ebola waste permits. $SMED may also procure a contract http://t.co/Qf6xGOhRfA
Stockaholics
24 Oct 14 14:52:01
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/Wsu24zYrur $AIQ $BBX $XOMA
adrian
24 Oct 14 13:27:15
bought shares of $XOMA and immediately sold Nov 4.50 options against it. Great way to drive down your cost when buying shares
John Ablemann
24 Oct 14 10:32:39
$XOMA XOMA Corp Target of Unusually High Options Trading (XOMA) http://t.co/0EjtPLeTAO
Stockaholics
24 Oct 14 10:22:59
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $AIQ $BBX $XOMA
stockblaster14
24 Oct 14 10:10:21
Xoma Ltd (XOMA) 4.32 $XOMA Biotech Equities Technical Briefing - Arena Pharma, NPS Pharma, XOMA, Momenta Pharm http://t.co/kHDXSCMhSk
Irma Doucet
24 Oct 14 08:03:43
$XOMA Markets Watch: Hilton Worldwide Holdings Inc (NYSE:HLT), XOMA Corp ... http://t.co/RXZsgD5biH
Thomas Collins
24 Oct 14 08:03:42
$XOMA XOMA Corp Target of Unusually High Options Trading (XOMA) http://t.co/Zy3X6zBWwK
Stock Relay
24 Oct 14 00:29:53
$HMIN Last Price Click Here: http://t.co/Vo3JWe6yIn Also See: $WRBB $PAC $VELE $XOMA ~
DailyStockPicks
23 Oct 14 22:03:28
During this #Ebola outbreak, $XOMA investors will also want to buy $SMED. They handle medical and hazardous waste http://t.co/vTV3wPBONo
Stockaholics
23 Oct 14 13:13:57
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $AIQ $BBX $XOMA
Vincent
23 Oct 14 12:22:50
and wrote 8 $XOMA Nov $5 covered Calls at 0.30 for $240 credit.
Vincent
23 Oct 14 12:22:19
near open this morning so1d 700/1500 $XOMA @ 4.33 from 4.22, so1d to c1ose 6 Nov $5 Call @ 0.30 from 0.84 ac.
Mahmissa
23 Oct 14 11:57:15
Out rest of $xoma 4.39
option
23 Oct 14 11:46:20
RT @TravisHoward5: I like $XOMA november $4.50 calls. http://t.co/kOEbqm1aS7
Cutlass
23 Oct 14 11:16:46
RT @TravisHoward5: both of the picks i released today are moving higher! $XOMA $TRUE https://t.co/hmzoV2ADKe $TRUE https://t.co/75rq2QKhah
Travis Howard
23 Oct 14 11:14:07
both of the picks i released today are moving higher! $XOMA $TRUE https://t.co/hmzoV2ADKe $TRUE https://t.co/75rq2QKhah
DailyStockPicks
23 Oct 14 11:12:08
Since #alert to buy Spectra7 on 10/16, it has moved from $0.59 to $0.79. Target $1+ $XOMA http://t.co/UGK1Sij9xy http://t.co/T42VcwGTev
Penny Stock Secret
23 Oct 14 11:01:30
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/SVqoMkrw2z .. $EOPN $OCUL $XOMA
Alex
23 Oct 14 10:28:40
Slowly accumulating some $XOMA 4.30s
Travis Howard
23 Oct 14 09:59:26
I like $XOMA november $4.50 calls. http://t.co/kOEbqm1aS7
Jason Holman
23 Oct 14 09:23:48
Sold $XOMA (+3.5%)& $ISIS (+16.7%)-Both swing positions-Really like LT outlook on both&may get back in tomorrow(see if typical Fri bio drop)
moderneconomist.com
23 Oct 14 08:34:44
RT @Mahmissa: Shedding most of my $XOMA 4.40-4.43 from 4.09 avg. Hate avg'ing down into such a big position, so happy to be out.
Stockaholics
23 Oct 14 08:32:34
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $AIQ $BBX $XOMA
Mahmissa
23 Oct 14 08:27:32
Shedding most of my $XOMA 4.40-4.43 from 4.09 avg. Hate avg'ing down into such a big position, so happy to be out.
Bio Stocks™
23 Oct 14 07:36:01
$XOMA ↑5%
BioRunUp
23 Oct 14 07:28:01
$XOMA $4.40 highs this morning. Still waiting for "the PR"
Mathew Abraham
23 Oct 14 04:21:33
RT @KeeneOnMarket: Trader bought over 15000 $XOMA Dec 5 Calls for $1.35, I am LONG LONG LONG $XOMA
Jason Holman
23 Oct 14 04:05:20
$MGNX $GILD $ABLX $ISIS $MSTX $BIND $XOMA Futures green-ABLX had good PHI for ALX0061 subcutaneous-Ebola sit. getting better. Good Luck!
wininstocks2014
23 Oct 14 03:56:39
XOMA 4.23 Stock Charts $XOMA XOMA Corp. (NASDAQ) Last Updated: 10/23/2014 05:56:38 XOMA Stock Chart - 1 Month http://t.co/OjsuPgtdhS
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
				
				
  +Follow August 22, 2013 12:48PM
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