Notable 52-Week Highs and Lows of the Day 06/21: (GME) (IMMU) (OCR) High; (PGRX) (EBIX) (ACRE) Low
GameStop (NYSE: GME) $41.53. GameStop moving higher this week following a policy change by Microsoft which allows for more leniency when dealing with used video games and its Xbox One. Traders are taking a little profit on today's session.
Immunomedics, Inc. (Nasdaq: IMMU) $5.04. Immunomedics catching a nice ride above the $4.50 resistance level. Short interest recently rose on the stock, with total shares on loan now at 8.7 million, or 11.42 percent of float.
Omnicare Inc. (NYSE: OCR) $48.34. Omnicare entered an agreement to provide skilled nursing pharmacy services for Kindred Healthcare, Inc. (NYSE: KND). Prospect Global Resources Inc. (Nasdaq: PGRX) $0.08. Prospect getting slammed after pricing a 41.67 million offering at $0.12 per unit. Each unit consists of one share of common stock, one Series A Warrant to purchase one share of common stock, and one Series B Warrant to purchase one share of common stock and one additional Series A Warrant. The underwriters will have a 30-day option to purchase up to an additional 1,173,190 shares of common stock and/or warrant units consisting of one Series A Warrant and one Series B Warrant at the offering price, less underwriting commissions, solely to cover overallotments.
EBIX, Inc. (Nasdaq: EBIX) $8.25. EBIX could be moving on a negative blog post today. Earlier, the company and Goldman Sachs (NYSE: GS) terminated a merger agreement, causing extraordinary selling in the name. For more on the termination, click here.
Ares Commercial Real Estate (NYSE: ACRE) $12.98. Ares priced a public offering of 18,000,000 shares of its common stock at a public offering price of $13.50 per share, raising gross proceeds of approximately $243,000,000. The stock closed at $13.56 on Thursday.