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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
Trader News Daily
17 Dec 14 20:03:54
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
nixon786
17 Dec 14 19:01:46
Baker brothers had sold out $ICPT before this sell off & now selling $XOMA
BigGains26
17 Dec 14 17:58:49
$XOMA Wow, baker bros sold less than 5% of their stake. No big deal, just noise to make people fearful. They still own 20,000,000 shares
deafdaytrader
17 Dec 14 16:30:34
Past stocks part 3 $DRNE $AAPT $YPPN $XOMA $CERS $VTSS $EKSO
Greg David
17 Dec 14 15:41:44
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
DailyStockPicks
17 Dec 14 14:20:54
$ECIG buyout target of $0.50. 400% upside. Positive EBITDA and $200MM revenue in 2015 $ATI $XOMA $RDS.B traders read: http://t.co/xi3978GuDs
Stockaholics
17 Dec 14 13:26:37
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $AIQ $BBX $XOMA
Solar Melt
17 Dec 14 12:30:26
$XOMA Still waiting for last exacerbation in pivotal phase III trial (EyeGuard-B) in non-infectious uveitis. Results six weeks later.
Seeking Alpha
17 Dec 14 12:27:57
http://t.co/cah317qnUw Daily Round Up 12/16/14: XOMA, NS, TEP, RES http://t.co/lEVMnB4XzL $XOMA $CCO $DYN $FII $FOXF $HDS $HERO $HMTV $LC
MAISA
17 Dec 14 12:22:20
$XOMA Capital Ventures Discloses 6.3% Passive Stake = equal to approximately 7.2 million shares
MAISA
17 Dec 14 12:21:55
$XOMA Rallies 4% as Capital Ventures Discloses 6.3% Passive Stake
Fa$tlane $tocks
17 Dec 14 12:11:49
8:01 am XOMA: Capital Ventures International discloses 6.3% passive stake | 7:01 AM | This article d $XOMA http://t.co/WIIzlrk0AI
Greg David
17 Dec 14 09:26:22
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
BigGains26
17 Dec 14 09:01:03
Back in $XOMA @ $4.16. See if she can run come January
Solar Melt
17 Dec 14 07:54:15
$XOMA Have you noticed? Since the Financing Mike Ward has ceased his pumping. Mike Ward, king of the pump and dump! Now we know.
Briefing.com
17 Dec 14 07:03:03
$XOMA: XOMA: Capital Ventures International discloses 6.3% passive stake http://t.co/eM2gn7ywme
strategynode
17 Dec 14 06:58:43
LOng $XOMA 4.21
Conf Call Tran
17 Dec 14 06:40:03
Statement of acquisition of beneficial ownership by individuals $XOMA http://t.co/hOMunTxLKE
Ticker Report
17 Dec 14 06:29:09
Insider Selling: XOMA Corp CEO Unloads 10,000 Shares of Stock $XOMA http://t.co/pcK7nk2sbM
ProVesting
17 Dec 14 06:28:06
$XOMA: Insider Selling: XOMA Corp CEO Unloads 10000 Shares of Stock ... http://t.co/F8aSKdGMSy http://t.co/Y5Oz6oVwXw
ProTradersNews
17 Dec 14 06:28:02
$XOMA $STRI: Big Movers: XOMA Corporation (NASDAQ:XOMA), STR Holdings ... http://t.co/vkFJRhl1jB http://t.co/O5PZnyKnyT
BigGains26
17 Dec 14 06:26:27
@BiotechMoney18 new SC 13G from capital ventures int. Disclosing a 6.3% passive stake today in $XOMA
Mathew Abraham
17 Dec 14 06:24:53
@BigGains26 @BiotechMoney18 $XOMA Capital Ventures files a 13G, owns 6.3% or 7.2m shares
ProVesting
17 Dec 14 06:18:02
$XOMA: Volume Buzz: Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN ... http://t.co/cs3ShGWe7Z http://t.co/W6x71kzaov
BioRunUp
17 Dec 14 06:14:05
RT @shaneblackmon: $XOMA Capital Ventures files a 13G, owns 6.3% or 7.2m shares // New holding, nice
Mathew Abraham
17 Dec 14 06:03:55
$XOMA New SC 13G filed by: Capital Ventures International, subject: Xoma Corp, Percent: 6.3% http://t.co/DFPDML9GgS
Shane Blackmon
17 Dec 14 06:03:13
$XOMA Capital Ventures files a 13G, owns 6.3% or 7.2m shares
Penny Stock Secret
17 Dec 14 05:58:30
The Stock Picking Service of 2014 More Info Here http://t.co/SVqoMlijqL ... $AIQ $BBX $XOMA
mr13g
17 Dec 14 05:23:08
$XOMA New SC 13G filed by: Capital Ventures International, subject: Xoma Corp, Percent: 6.3% http://t.co/cchuTBzjj0
$Stocknewsalerts
17 Dec 14 05:16:12
$XOMA New SEC Document(s) for XOMA Corporation From our Stock News Alerts App
StockNews
17 Dec 14 05:04:13
$XOMA - Statement of Ownership (sc 13g) http://t.co/kqSIQTTsq8
Stocks News&Markets
17 Dec 14 05:04:11
$XOMA - Statement of Ownership (sc 13g) http://t.co/nJ3B3YQ4uZ
NASDAQ
17 Dec 14 05:04:08
$XOMA - Statement of Ownership (sc 13g) http://t.co/Hq2KnnzWkb
Stockaholics
17 Dec 14 01:25:34
Platinum Memberships Rose, After 528% Gains On Penny Stocks, In One Month! Big Update: http://t.co/2W3yKD2d5Q $AIQ $BBX $XOMA
nixon786
16 Dec 14 21:42:38
$XOMA --> https://t.co/KNsyZWrQxT
nixon786
16 Dec 14 21:41:37
RT @AmericanBanking: XOMA Corp Director Bros. Advisors Lp Baker Sells $4,610,748 in $XOMA http://t.co/xmJDZfDsBe
BuyersStrike
16 Dec 14 21:37:22
@jblumberg Yeah, but you just knew that was going to happen. $XOMA has been breaking hearts and wallets for 20+ years.
nixon786
16 Dec 14 21:37:14
RT @SashaDamouni: $XOMA up to highest since April; the longer the last exacerbation takes to occur, the better the results for gevokizumab …
Bio Stocks™
16 Dec 14 21:32:34
MT @ConsumerFeed: $XOMA Baker Bros. Sell $4,610,748 in $XOMA http://t.co/gDCLcB7vQd
US Consumer News
16 Dec 14 21:22:34
XOMA Corp Director Bros. Advisors Lp Baker Sells $4,610,748 in $XOMA http://t.co/tPfAxmDb4s
BuyersStrike
16 Dec 14 21:22:30
Nice to see the Baker boys taking advantage of the latest round of $XOMA hype to peel some off.
US Banking News
16 Dec 14 21:22:25
XOMA Corp Director Bros. Advisors Lp Baker Sells $4,610,748 in $XOMA http://t.co/xmJDZfDsBe
$$$ Money $$$
16 Dec 14 21:19:10
$XOMA awww what happened? look like Baker Bros cash out more shares http://t.co/i1yzw9OyuE Did BB get B$ memo? awww
Dr. Tro Kalayjian
16 Dec 14 18:16:36
RT @Emory_R: Baker Bros Form4 $xoma http://t.co/rUd5WBsX7t
US Consumer News
16 Dec 14 18:12:52
XOMA Corp Director Bros. Advisors Lp Baker Sells $4,610,748 in $XOMA http://t.co/tPfAxmDb4s
US Banking News
16 Dec 14 18:12:44
XOMA Corp Director Bros. Advisors Lp Baker Sells $4,610,748 in $XOMA http://t.co/xmJDZfDsBe
ProVesting
16 Dec 14 17:34:02
$XOMA: XOMA Corp Director Sells $4610748 in Stock (XOMA) http://t.co/vAEJFYJcOS http://t.co/Fpaf4cJoET
Ticker Report
16 Dec 14 17:28:19
XOMA Corp Director Sells $4,610,748 in Stock $XOMA http://t.co/cFeV413S42
US Banking News
16 Dec 14 17:04:04
Insider Selling: XOMA Corp Director Sells 1,033,800 Shares of Stock $XOMA http://t.co/kPWE6j0Iy7
ProTradersNews
16 Dec 14 16:58:04
$XOMA: Insider Selling: XOMA Corp Director Sells 1033800 Shares of Stock ... http://t.co/GqsYie6s2a http://t.co/dABG8wFJeU
				
				
  +Follow August 22, 2013 12:48PM
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