After-Hours Stock Movers 01/21: (NAVI) (CIT) (IBM) Higher; (NVAX) (BPMC) (ADAP) Lower (more...)

Blueprint Medicines (BPMC) Prices 4.71M Share Common Offering at $69/Sh

January 23, 2020 5:53 AM EST

Blueprint Medicines Corporation (NASDAQ: BPMC), a precision therapy company focused on genomically defined cancers, rare diseases and cancer immunotherapy, today announced the pricing of an underwritten public offering of 4,710,144 shares of its common stock at a public offering price of $69.00 per share, before underwriting... More

Zymeworks (ZYME) Prices 4.925M Share Offering at $46.50/Share

January 23, 2020 5:52 AM EST

Zymeworks Inc. (NYSE: ZYME), a clinical-stage biopharmaceutical company developing multifunctional biotherapeutics (Zymeworks or the Company), announced today the pricing of its previously-announced underwritten public offering (the Offering) of 4,924,729 common shares and, in lieu of common shares to a certain investor, pre-funded warrants to purchase up to 1,075,271 common shares. The common shares are... More

CIT Group (CIT) Declares $0.35 Quarterly Dividend; 3.1% Yield

January 22, 2020 8:33 AM EST

CIT Group (NYSE: CIT) declared a quarterly dividend of $0.35 per share, or $1.4 annualized.

The dividend will be payable on March 16, 2020, to stockholders of record on February 7, 2020, with an ex-dividend date of February 6, 2020.

The annual yield on the dividend is 3.1... More

IBM (IBM) PT Raised to $125 at Societe Generale, Reiterates Sell

January 22, 2020 7:57 AM EST

Societe Generale analyst Richard Nguyen raised the price target on IBM (NYSE: IBM) to $125.00 while maintaining a Sell rating.

Says 'a quarter does not make a trend."... More

IBM (IBM) PT Raised to $164 at Morgan Stanley

January 22, 2020 6:40 AM EST

Morgan Stanley analyst Katy Huberty raised the price target on IBM (NYSE: IBM) to $164.00 (from $155.00) while maintaining a Equalweight rating.

The analyst comments "4Q showcased Red Hat synergies and budget flush but higher levels of investment in 2020 pressure PTI and FCF guidance relative to consensus... More

IBM (IBM) PT Raised to $138 at Cantor Fitzgerald

January 22, 2020 6:37 AM EST

Cantor Fitzgerald analyst Drew Kootman raised the price target on IBM (NYSE: IBM) to $138.00 (from $133.00) while maintaining a Neutral rating.

The analyst comments "We view a return to consistent organic growth and margin expansion as necessary for sustainable multiple expansion from current levels.... More

Ellington Financial (EFC) Prices 4.6M Share Common Offering at $18.29/Sh

January 22, 2020 5:43 AM EST

Ellington Financial Inc. (NYSE: EFC) announced today that it has priced an underwritten public offering of 4,600,000 shares of common stock at a price to the public of $18.29 per share. The Company has granted the underwriters an option for 30 days to purchase up to an... More