Analyst Briefs

Mimecast Reverses Earlier Decline

Mimecast shares reversed their earlier decline made in the wake of pricing a sale of shares by shareholders at a discount and hit a new record high on Thursday. MIME was up over 12% at $19.44 recently, having earlier traded as high as $20.10. The 52-week low is at $6.01. The provider of cloud security and risk management services earlier[Read More…]

by September 29, 2016 0 comments Analyst Briefs, Stocks

SPI Energy Selling $100 Million Shares in Private Placement

SPI Energy Co, a provider of photovoltaic solutions, said Wednesday that it has entered into share purchase agreements with certain existing shareholders and other investors to sell approximately $100 million ordinary shares of the company or their corresponding American depository shares at a price of $2.59 per ADS, which represents a 3.6% premium from the stock’s previous close. Under the[Read More…]

by September 28, 2016 0 comments Analyst Briefs, Stocks

Anavex Signs Agreement Allowing Biogen to Test Clinical Stage Drug

Anavex Life Sciences, a clinical stage biopharmaceutical company that develops drugs for treatment of neurodegenerative and neurodevelopmental diseases including Alzheimer’s and multiple sclerosis, said it signed an agreement under which Biogen (BIIB) will test its leading drug candidate. The company said Biogen will test its Anavex 2-73 drug that’s designed to battle demyelinating diseases such as multiple sclerosis, which requires[Read More…]

by September 28, 2016 0 comments Analyst Briefs, Featured, News, Stocks

TriMas Consolidates Production Facilities

TriMas, a manufacturer of engineered products, said it is closing more factories as part of an ongoing effort to fully utilize existing locations and to better serve customers. Aerospace production in Paris, Arkansas, will be consolidated into the Ottawa, Kansas facility; engineered components activities at two Tulsa, Oklahoma facilities will be consolidated into another existing Tulsa location and packaging in[Read More…]

by September 28, 2016 0 comments Analyst Briefs, News, Stock News, Stocks