InterMune, Inc. (NASDAQ:ITMN)’s shares dropped 3.70% to $32.03. The company on Mar. 13 announced that it has agreed to sell 7,500,000 shares of its common stock at a price to the public of $32.75 per share in an underwritten public offering. InterMune estimates net proceeds from the offering to be approximately $233.0 million, after deducting underwriting discounts and estimated offering expenses. InterMune Inc (NASDAQ:ITMN) stock opened today at $37.26 and is currently trading at $36.30. The stock showed a negative weekly performance of -1.23%.
CommScope Holding Co. Inc. (NASDAQ:COMM) jumped 10% after the telecommunications-gear maker upped its guidance for the current quarter in its earnings report. The company said it expects to earn between 43 cents and 47 cents per share on revenue of $900 million to $925 million. Commscope Holding Company Inc (NASDAQ:COMM) stock opened at $25.78, in current trading session and currently is at $24.59, by gaining 11.10%. The 52 week range is $14.72 – $25.89. Company’s market capitalization is $4.57 billion.
Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) were screeching to a halt today, falling as much as 11% after announcing a direct placement of common stock and warrants, and revealing an SEC investigation. Kandi Technologies Group Inc (NASDAQ:KNDI) stock is currently trading at $18.21. The EPS of the stock is -0.09. Company’s market capitalization is $730.32 million.
JDS Uniphase Corp. (NASDAQ:JDSU) was upgraded by stock analysts at MKM Partners from a “neutral” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports. JDS Uniphase Corp (NASDAQ:JDSU) stock opened the session at $14.98, and now is at $14.85. The 52 week range of the stock remained $11.68 – $16.61 and the day range was $14.84 – $14.99.
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