On Wednesday, Shares of Immunomedics, Inc. (NASDAQ:IMMU), SUBTRACT- 23.78% and closed at $2.50 in the last trading session. The last trading range of the stock ranges between $2.30 and $2.57. Immunomedics, Inc., (IMMU) recently declared that it has priced an underwritten offering of 10,000,000 shares of common stock and warrants to purchase up to 10,000,000 shares of common stock with anticipated gross proceeds of $30 million. Each share of common stock and accompanying warrant will be priced at $3.00. The warrants will be exercisable six months following the date of issuance, will expire on the second anniversary of the date of issuance and have an exercise price of $3.75.
Immunomedics intends to use the proceeds from the offering mainly in continuing support of clinical and regulatory activities for IMMU-132, counting submission of a NDA to FDA for accelerated approval in metastatic triple-negative breast cancer, and for working capital and general corporate purposes.
Blue Buffalo Pet Products Inc (NASDAQ:BUFF), jumped 3.16% and closed at $24.46 in the last trading session. The last trading range of the stock ranges between $23.93 and $24.57. The company’s Market capitalization is $4.76 Billion with the total Outstanding Shares of 196.44 Million. Nasdaq (NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq facilitates customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating recently’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,700 listed companies with a market value of about $9.3 trillion and nearly 18,000 corporate clients.
Marathon Petroleum Corp (NYSE:MPC), gained 2.15% and closed at $42.27 in the last trading session. The last trading range of the stock ranges between $41.67 and $42.65. During the 52-week trading session the minimum price at which share price traded, registered at $29.24 and reached to max level of $59.99. Marathon Petroleum Corporation (MPC) recently declared that Abdulaziz F. Alkhayyal has been elected to the company`s board of directors, to be effective Oct. 26, 2016.
Alkhayyal serves on the board of directors of Halliburton Company, where he is a member of the health, safety and environment and the nominating and corporate governance committees.
He stepped down from Saudi Aramco in 2014 as the senior vice president of Industrial Relations, following a 30-year career there. He served on the Saudi Aramco board of directors from 2004 to 2014.
“The addition of Mr. Alkhayyal`s extensive energy experience to our already deeply practiced board will be a tremendous asset to the company and its shareholders,” said Gary R. Heminger, chairman, president and chief executive officer. He added that Alkhayyal also has unique insight into global energy markets. The election of Alkhayyal increases the size of MPC`s board to 11 directors.