XOMA Corporation(NASDAQ:XOMA) shares declined 6.37% to $3.02 after the company announced that it is offering to sell, subject to market and other conditions, shares of its common stock pursuant to an effective shelf registration statement in an underwritten public offering. XOMA also expects to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering to cover over-allotments, if any.
Will XOMA Move Higher After Today’s Sudden Selling Activities? Don’t Miss The Free Trend Analysis here http://csrnewsdaily.com/c1/?company=XOMA
Kennametal Inc.(NYSE:KMT) shares dropped 6.53% to $34.66 in the early hour after the company posted first quarter net income of $46.39 million from $71.99 million last year. Earnings per share fell to $0.57 from $0.88. Sales dropped to $629.46 million from $658.88 million in the prior year. Analysts expected earnings of $0.87 per share on revenues of $689.97 million for the quarter.
How Should Investors Trade KMT After The Recent Momentum, Find Out Here http://csrnewsdaily.com/c1/?company=KMT
Zynga Inc(NASDAQ:ZNGA) shares gained 2.73% to $2.26. The company yesterday said that it is closing one studio and laying off about 5% of its total workforce in a cost-cutting move. In an e-mail to Zynga employees, CEO Mark Pincus said the company was closing its Boston studio and "proposing closures of the Zynga Japan and UK studios," along with cuts to its studio in Austin, Texas. The move was somewhat expected, as the company had said it would reduce its costs in an earnings pre-announcement on Oct. 4, in which the company cited underperformance of some of its social and mobile games.
Get Free Special Trend Analysis On ZNGA Here http://csrnewsdaily.com/c1/?company=ZNGA
Renren Inc (NYSE:RENN) stock increased 1.86% to $3.56. The 52 week trading range for the company is $3.21 - $7.87. The shares of the company gained 5% in the last one year. The company operates real name social networking Internet platform in the People’s Republic of China. Its platform enables its users to connect and communicate with each other, share information and user-generated content, play online games, listen to music, shop for deals and a range of other features and services.
Get Free Special Trend Analysis On RENN Here http://csrnewsdaily.com/c1/?company=RENN
Nokia Corporation (ADR)(NYSE:NOK) stock climbed 2.24% to $2.62. The company launched convertible bonds to generate EUR 750 million. This step will help the Finnish handset makeer to use the net proceeds of the offering to prudently manage its capital structure. It will ensure Nokia to preserve the existing pools of liquidity and to address the upcoming debt maturities.
Get Free Special Trend Analysis On NOK Here http://csrnewsdaily.com/c1/?company=NOK
Csrnewsdaily.com has a finger on the pulse of many sectors including renewable energy, oil, pharma, mining, finance, and healthcare. Our in depth research and analysis of NASDAQ, OTCBB, Pink Sheets, and NYSE has yielded considerable gains for our subscribers.
Our to-the-minute reports and alerts coupled with breaking news, analysis, investment strategies, and FREE subscription email services contribute to our role as one of the leading investor relations marketing firms.
The assembled information disseminated by Csrnewsdaily.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Csrnewsdaily.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.
Pacific Dynasty Consultants Inc.
2637 E Atlantic Blvd #22611 Pompano Beach, FL 33062