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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
clayton
3 Mar 15 10:41:16
XOMA 3.74 Xoma Ltd $XOMA added to my watch list. Right now with XOMA I am watching the last price 3.74 High 3. http://t.co/K1yKQ2ip67
clayton
3 Mar 15 10:40:54
$XOMA XOMA 3.74 Xoma Ltd $XOMA stock added to my watch list. Right now with XOMA I am watching the last price 3.74 H http://t.co/exd2Sgfg08
Stock Rocket
3 Mar 15 10:07:25
Our Penny Stock Pick On $BYSD Gained Another 80% Today! Get Our New Pick Early: http://t.co/E259yKbTSj $AIQ $BBX $XOMA
Briefing.com
3 Mar 15 06:07:38
$XOMA: XOMA announces Thomas Burns will succeed Fred Kurland as CFO when Mr. Kurland retires effective April 3, 2015 http://t.co/nwkHFrMSha
DailyStockPicks
3 Mar 15 05:52:54
This $100M market cap #biotech has gotten 3 orphan drug designations in 3 weeks $BSFT $XOMA $ROLL investors read http://t.co/r6XCUw0ZTz
Bat_Trades
3 Mar 15 05:20:57
RT @zozotrader: Pre-market some Winners / Losers link $DATE $XON $FRO $BBY $ATOS $DGLY / $MNKD $SLW $KATE $AKS $XOMA http://t.co/j7Xv2T0PAs
ZOZO
3 Mar 15 05:20:49
Pre-market some Winners / Losers link $DATE $XON $FRO $BBY $ATOS $DGLY / $MNKD $SLW $KATE $AKS $XOMA http://t.co/j7Xv2T0PAs
Jay
3 Mar 15 05:04:20
RT @AndyBiotech: $XOMA CFO Fred Kurland retires, to be succeeded by Thomas Burns
BreakingStocksNews
3 Mar 15 04:56:07
$XOMA: XOMA Announces Retirement of Fred Kurland and Appointment of ...: http://t.co/xKInGAzJ1L
WLST.com
3 Mar 15 04:46:37
Is Xoma Corporation A Buy? $XOMA $wlst #markets http://t.co/NBiXoCCtk6
Market Newswire
3 Mar 15 04:46:32
Is Xoma Corporation A Buy? - http://t.co/S3MQNorQxq $XOMA #investing #wallstreet #markets
Todd Campbell
3 Mar 15 04:45:29
Is Xoma Corporation A Buy? $XOMA : http://t.co/HOD3bjORAo via @themotleyfool
Gary Holt
3 Mar 15 04:43:53
Sold in PM, $XOMA +.03. Not risking overreaction to news
Shane Blackmon
3 Mar 15 04:42:37
RT @AndyBiotech: $XOMA CFO Fred Kurland retires, to be succeeded by Thomas Burns
Healthcare Stocks
3 Mar 15 04:37:19
New finance chief at Xoma http://t.co/t6zNL5lBcv #premarket $XOMA
SA Breaking News
3 Mar 15 04:37:19
New finance chief at Xoma http://t.co/FJFuHbNx94 #premarket $XOMA
4-traders.com
3 Mar 15 04:21:08
#XOMA : to Announce Fourth Quarter and Full Year 2014 Financial Results and Ho... http://t.co/ZuAPzYA2cN $XOMA
Andy Biotech
3 Mar 15 04:06:51
$XOMA CFO Fred Kurland retires, to be succeeded by Thomas Burns
ProTradersNews
3 Mar 15 04:06:04
$XOMA: XOMA Announces Retirement of Fred Kurland and Appointment of ...: http://t.co/ONvGBvryWk
NASDAQ
3 Mar 15 04:03:25
$XOMA - XOMA Announces Retirement of Fred Kurland and Appointment of Thomas Burns as Chief Financial Officer http://t.co/uOP0tBQCGo
StockNews
3 Mar 15 04:03:21
$XOMA - XOMA Announces Retirement of Fred Kurland and Appointment of Thomas Burns as Chief Financial Officer http://t.co/OKTTTDseSe
Stocks News&Markets
3 Mar 15 04:03:20
$XOMA - XOMA Announces Retirement of Fred Kurland and Appointment of Thomas Burns as Chief Financial Officer http://t.co/SFtOGyzNyj
$Stocknewsalerts
3 Mar 15 04:02:53
$XOMA XOMA Announces Retirement of Fred Kurland and Appointment of Thomas Burns as Chief Financial Officer From our Stock News Alerts App
Breaking News
3 Mar 15 04:02:24
$XOMA XOMA Announces Retirement of Fred Kurland and Appointment of Thomas Burns as Chief Financial Officer http://t.co/upRLCf3M3i
4-traders.com
3 Mar 15 04:01:03
#XOMA Announces Retirement of Fred Kurland and Appointment of Thomas Burns as ... http://t.co/ak8f4tP11s $XOMA
JMS
3 Mar 15 01:21:50
RT @SheffStation: $XOMA..multiple Ph III trials ongoing. On watch here.. http://t.co/vvwtx4374m
Stockaholics
2 Mar 15 23:32:06
Our Penny Stock Pick On $THCZ Has Continues To See Gains! Special Update: http://t.co/ZH4BZ571Gt $AIQ $BBX $XOMA
$Stocknewsalerts
2 Mar 15 16:45:56
$XOMA New SEC Document(s) for XOMA Corporation From our Stock News Alerts App
Insider Alerts
2 Mar 15 16:43:10
NEW insider transaction on $XOMA reported a moment ago: http://t.co/2g3PtGTwBM
Superrfly
2 Mar 15 16:21:53
@shaneblackmon @BioRunUp Those 10%+ interest rate loans are so much better for company health than a stock dilution. $XOMA
BioRunUp
2 Mar 15 16:20:22
RT @shaneblackmon: $XOMA $20m loan from Hercules, minimum 9.4% int rate. Issues 181k warrants at $3.31/share
Eli Pritsker
2 Mar 15 15:18:22
RT @shaneblackmon: $XOMA $20m loan from Hercules, minimum 9.4% int rate. Issues 181k warrants at $3.31/share
Shane Blackmon
2 Mar 15 15:17:55
$XOMA $20m loan from Hercules, minimum 9.4% int rate. Issues 181k warrants at $3.31/share
Bio Stocks™
2 Mar 15 15:14:06
$XOMA $20M loan agreement with Hercules Technology Growth Capital. http://t.co/mFeIoZ8iqH
NASDAQ
2 Mar 15 15:08:12
$XOMA - Current Report Filing (8-k) http://t.co/ThHIC1ErnQ
StockNews
2 Mar 15 15:08:09
$XOMA - Current Report Filing (8-k) http://t.co/j4a7Nqyd8x
Stocks News&Markets
2 Mar 15 15:08:08
$XOMA - Current Report Filing (8-k) http://t.co/uFstBP9EFS
$Stocknewsalerts
2 Mar 15 15:01:58
$XOMA New SEC Document(s) for XOMA Corporation From our Stock News Alerts App
Mark Trader
2 Mar 15 14:01:23
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
dailystockplays.com
2 Mar 15 13:52:14
NR7ID Stocks http://t.co/9RQGIOvJtT $MHFI $INFY $QLIK $BUD $UL $BLL $BMRN $XOMA $PBI $IBB $PCY $TRUE $AON $VG $LUK $NVO $OIS $ENB $ALXN
Trader News Daily
2 Mar 15 12:28:34
Wow http://t.co/PeRPkYu8Uk just posted last weeks results. +429%. Crazy. They offer a free trial too. $NM $XOMA $MJNA $PHOT $SQNM $CPE
Douglas Allan
2 Mar 15 11:58:39
@SayYayToDrugs @chasingthealpha @BioDueDiligence @DewDiligence Yes but $XOMA traded at high of 580 (adjusted) in 80's. Yikes.
InsiderTradingWire
2 Mar 15 11:46:43
$XOMA | XOMA Corporation is down 17% since we reported $11,357,289 of insider selling on 12/04/2014. Did you ... - http://t.co/reGav78dC8
Mark Trader
2 Mar 15 09:18:12
The last http://t.co/8hGh2pxMWQ alert popped over 400%. So sweet and free to sign up. $SFY $BLTA $NTEK $PLUG $NBG $XOMA
Jim
2 Mar 15 09:14:24
RT @StockSignaling: Pre-Market Price Advances: $ARCP $AAPL $AAL $FEYE $BBRY $NXPI $ALKS $AMGN $SSYS $XIV $CYBR $XOMA $LINE $BLUE http://t.c…
Investors Hangout
2 Mar 15 07:50:37
clayton: XOMA 3.69 Xoma Ltd $XOMA added to my watch list. http://t.co/j7nqw7MbQT
Investors Hangout
2 Mar 15 07:50:36
clayton: XOMA 3.69 Xoma Ltd $XOMA added to my watch list. http://t.co/NOiXqVOckC
Investors Hangout
2 Mar 15 07:50:36
clayton: XOMA 3.69 Xoma Ltd $XOMA stock added to my watch http://t.co/70rsuSPPaI
Investors Hangout
2 Mar 15 07:50:36
clayton: XOMA 3.69 Xoma Ltd $XOMA stock added to my watch http://t.co/EMXtPXjfUg
clayton
2 Mar 15 07:45:07
XOMA 3.69 Xoma Ltd $XOMA added to my watch list. Right now with XOMA I am watching the last price 3.69 High 3. http://t.co/FamYP3IH9T
				
				
  +Follow August 22, 2013 12:48PM
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