On Friday, Shares of Synergy Pharmaceuticals Inc (NASDAQ:SGYP), subtract -0.74% and closed at $5.35 in the last trading session. The last trading range of the stock ranges between $5.21 and $5.43. The company’s Market capitalization is $952.92 million with the total Outstanding Shares of 179.45 million. During the 52-week trading session the minimum price at which share price traded, registered at $2.50 and reached to max level of $7.15. Synergy Pharmaceuticals Inc. (SGYP) recently declared that the independent Compensation Committee of the Board of Directors of Synergy approved the grant of an inducement stock option to purchase 50,000 shares of Synergy common stock to one new employee, with a grant date of September 19, 2016 (the “Q3 2016 Inducement Grant”).
The Q3 2016 Inducement Grant has an exercise price per share equal to the closing price of the Company’s common stock on September 19, 2016, the date of grant. The stock option has a 10 year term and vests in equal amounts on the anniversary of the date of grant over three years, subject to the new employee’s continued service with the Company through the respective vesting dates. The stock option was granted as an inducement equity award outside of the Company’s 20008 Equity Compensation Incentive Plan, as amended, and was made as an inducement material to such employee’s acceptance of employment with the Company.
Universal Insurance Holdings, Inc. (NYSE:UVE), jumped 14.51% and closed at $22.34 in the last trading session. The last trading range of the stock ranges between $21.49 and $23.50. The company’s Market capitalization is $897.31 million with the total Outstanding Shares of 35.08 million. During the 52-week trading session the minimum price at which share price traded, registered at $15.86 and reached to max level of $37.49. Universal Insurance Holdings, Inc. (UVE) (the “Company”) recently noted that on May 31, 2016, Universal Property & Casualty Insurance Company (“UPCIC”) and American Platinum Property and Casualty Insurance Company (“APPCIC”), the Company’s wholly-owned insurance company auxiliaries, accomplished the placement of the Company’s 2016-2017 reinsurance programs, effective June 1, 2016.
As publicly revealed at the time, UPCIC has a net retention of $35 million per catastrophe event for losses incurred, in all states, up to a first event loss of $2.4 billion. In addition, under an excess catastrophe contract specifically covering risks located outside the state of Florida and intended to further reduce UPCIC’s $35 million net retention, UPCIC has obtained catastrophe coverage of $30 million in excess of $5 million covering certain loss occurrences, counting hurricanes, in states outside of Florida.
On the otherhand MeetMe Inc (NASDAQ:MEET), dropped -3.25% and closed at $5.65 in the last trading session. The last trading range of the stock ranges between $5.55 and $5.89. The company’s Market capitalization is $286.89 million with the total Outstanding Shares of 52.48 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.81 and reached to max level of $8.11. MeetMe, Inc. (MEET), a public market leader for social discovery, recently declared that it now displays mobile banner ads to its international users. The company first began testing international ad placements in late August of this year. Before that, it displayed ads only to its English-language users.
Geoff Cook, CEO of MeetMe, said, “Given the expected increase in advertising rates in the fourth quarter, we are happy that our test of international ad placements has proceeded ahead of plan with the launch of mobile banners to all non-English users. We will continue to experiment with other mobile ad units as well, counting interstitials and native ads, as we seek to optimize the value of our international traffic.”