Worth Watching Stocks in the Spotlight:TTM Technologies, Inc. (NASDAQ:TTMI), Baxter International Inc (NYSE:BAX)

On Tuesday,Shares of TTM Technologies, Inc. (NASDAQ:TTMI), subtract -11.33% and closed at $13.23 in the last trading session. The last trading range of the stock ranges between $13.09 and $15.00. TTM Technologies, Inc. (TTMI) (“TTM”) declared recently that it has begind an underwritten registered public secondary offering of 12,000,000 shares of its common stock by its leading stockholder, Su Sih (BVI) Ltd. (the “Selling Stockholder”), following TTM’s shelf registration statement filed with the Securities and Exchange Commission. The Selling Stockholder will receive all of the proceeds from the offering. The underwriters have a 30-day option to purchase up to an additional 1,800,000 shares of common stock from the Selling Stockholder. No shares of common stock are being sold by TTM in the offering.

J.P. Morgan Securities LLC is acting as sole book-running manager in the offering. Needham & Company, LLC and Stifel, Nicolaus & Company, Incorporated are acting as co-managers in the offering. The offering of these securities is being made by means of a prospectus supplement and the accompanying prospectus only, copies of which may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling toll-free 1-866-803-9204.

Baxter International Inc (NYSE:BAX), jumped 2.33% and closed at $46.07 in the last trading session. The last trading range of the stock ranges between $45.03 and $46.19. The company’s Market capitalization is $24.10 Billion with the total Outstanding Shares of 543.92 million. Baxter International (BAX) recently declared the Sigma Spectrum Infusion System was named 2016 Best in KLAS for Smart Pumps – Large Volume Pumps (LVP) in the 2016 Best in KLAS: Medical Equipment report. This is the fifth Best in KLAS award for Sigma Spectrum and is based on feedback from end users in addition to opinions of hospital executives and managers who make purchasing decisions.

Receiving the Best in KLAS award signifies Sigma Spectrum outperformed other smart pumps on the market and indicates a high level of customer satisfaction with the platform and its support services. And recently, Sigma Spectrum was recognized in the KLAS ”Smart Pumps 2016: The Quest for Patient Safety” report as a leader in drug library compliance and overall ease of use.

Leave a Reply

Your email address will not be published. Required fields are marked *