Traders Watch List: XOMA Corp (NASDAQ:XOMA), Aerohive Networks Inc (NYSE:HIVE), Square Inc (NYSE:SQ)

On Friday, Shares of XOMA Corp (NASDAQ:XOMA), subtract -6.76% and closed at $0.390 in the last trading session. The last trading range of the stock ranges between $0.35 and $0.42. XOMA Corporation (XOMA), a leader in the discovery and development of therapeutic antibodies, recently declared that, at a special meeting of the Company’s stockholders held on October 14, 2016, its stockholders voted to approve a reverse stock split of the Company’s issued and outstanding common stock.  XOMA’s Board of Directors then determined that the split would be at a ratio of 1-for-20.  Upon the effectiveness of the reverse stock split, every 20 shares of XOMA common stock will be converted into 1 share of common stock.  No fractional shares will be issued in connection with the reverse stock split.  A stockholder who otherwise would have been entitled to receive a fractional share of stock as a result of the reverse stock split will instead receive cash in lieu of fractional shares.

The reverse stock split is intended to facilitate XOMA to regain compliance with the $1.00 minimum bid price required for continued listing on the NASDAQ Global Market and assist increase shareholder interest in our stock.

Aerohive Networks Inc (NYSE:HIVE), dropped -1.60% and closed at $5.54in the last trading session. The last trading range of the stock ranges between $4.55 and $5.64. The company’s Market capitalization is $275.84 million with the total outstanding Shares of 50.60 million. Aerohive Networks® (HIVE) recently declared its participation as a sponsor at Dell Technology’s flagship customer event, Dell EMC World 2016, taking place October 18th – 20th in Austin, Texas.

Dell EMC and Aerohive together deliver a unified multi-vendor wired and wireless administration solution and continue to win new customers with the simplicity of their combined solution.

News Facts

To realize the opportunities of mobility, enterprises need a foundation of easy-to-manage, innovative, and scalable wireless networks.

As formerly declared, Dell and Aerohive reached a partnership agreement in April 2015, whereby Dell became a global reseller of Aerohive solutions. This provides customers access to comprehensive solutions, from the data center all the way to endpoint devices.

Since then, Dell declared its partnershipwith Aerohive to integrate Dell N-Series switches with Aerohive’s HiveManager® NG to deliver converged wired and wireless enterprise-class administration available in the public or private cloud. Customers can deploy best-of-breed wired networking from Dell and best-of-breed wireless from Aerohive with single-pane-of-glass, unified network administration and unified support. Dell also expanded its industry-leading ProSupport to provide users with a single point of contact for unified network support.

Square Inc (NYSE:SQ), lost -0.63% and closed at $11.12 in the last trading session. The last trading range of the stock ranges between $11.07 and $11.35. The company’s Market capitalization is $3.78 Billion with the total outstanding Shares of 123.75 million. During the 52-week trading session the minimum price at which share price traded, registered at $8.06 and reached to max level of $15.91. Square, Inc. (SQ) will release financial results for the third quarter of 2016 on November 1, 2016, after market close. Square will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day to discuss these results. The live webcast of the call can be viewed at Square’s Shareholder Relations website at A replay will be available at the same website following the call.

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