Retrophin Inc (NASDAQ:RTRX) also announced the hiring of Alvin Shih, M.D. (former Pfizer executive) as Executive Vice President of Research and Development, and a $40 million senior secured loan and $40 million of 4.5% of Senior Convertible Notes. The conversion rate is 57.43 shares per $1,000 of principal amount of Notes ($17.41 conversion price). The Notes will mature on May 30, 2019. Retrophin Inc (NASDAQ:RTRX) stock opened today at $ 16.78 and is currently trading at $ 16.07. The stock showed a positive weekly performance of 18.21%.
Bank of America Corp (NYSE:BAC) risk-weighted assets have held fairly steady for the past three years. Bank of America Corp (NYSE:BAC) stock opened at $15.12, in current trading session and currently is at $ 15.17, by gaining 0.13%. The 52 week range of $ 12.13 – 18.03. Company’s market capitalization is $159.47 billion.
Infoblox Inc (NYSE:BLOX), the automated network control company, reported its financial results for its third fiscal quarter ended April 30, 2014. Total net revenue for the third quarter of fiscal 2014 was $61.0 million, an increase of 5% on a year-over-year basis. Infoblox Inc (NYSE:BLOX) stock is currently trading at $ 12.55. The EPS of the stock is -0.11. Company’s market capitalization is $ 679.34 M.
Nimble Storage Inc (NYSE:NMBL) vaulted 11% higher after it, too, received positive commentary from Wall Street. Wunderlich Securities analyst Kaushik Roy upgraded the company to buy from hold, and reiterated his $38 price target, implying up to 44% upside in shares as of yesterday’s closing price. The upgrade, according to notes from Wunderlich, comes on the heels of what it believes is Nimble’s unique systems architecture, which is driving strong sales growth, its strong channel distribution, and its impressive monitoring technology and support system. Wunderlich believes its market share and revenue should grow accordingly based on these assumptions. Nimble Storage Inc (NYSE:NMBL) stock opened the session at $ 28.31, and now is at $ 27.79. The 52 week range of the NMBL stock remained $ 19.17 – $ 58.00 and the day range was $ 27.19 – $ 29.13.
At its annual meeting of shareholders today, Lowe’s Companies, Inc. (NYSE:LOW) Chairman, President and CEO, Robert A. Niblock, said the company delivered solid financial performance in 2013 while continuing to execute strategic initiatives. Lowe’s Companies, Inc. (NYSE:LOW) stock opened today at $ 46.97 and is currently trading at $ 46.79. The stock showed a positive weekly performance of 0.62%.
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