On Tuesday, OraSure Technologies, Inc. (NASDAQ:OSUR)’s shares declined -13.09% to $6.44.
OraSure Technologies, Inc. (OSUR) declared its support of numerous rapid hepatitis C (HCV) testing events for National Hepatitis Testing Day, taking place on May 19, 2015. These testing initiatives, happening across the country, will assist encourage thousands of people across the U.S. to get tested for hepatitis C with the OraQuick(R) HCV rapid test.
National Hepatitis Testing Day is an educational initiative of the U.S. Centers for Disease Control and Prevention’s (CDC) Division of Viral Hepatitis and the U.S. Department of Health and Human Services. The observance reminds people at risk for hepatitis to be tested, and encourages healthcare providers to educate patients about chronic viral hepatitis and testing.
OraSure Technologies, Inc., together with its auxiliaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States, Europe, and internationally.
Stage Stores Inc (NYSE:SSI)’s shares dropped -11.95% to $16.50.
Stage Stores Inc (SSI) stated financial results for the first quarter ended May 2, 2015.
First Quarter Highlights
- Loss per share improved 29% to $0.27 this year from $0.38 last year.
- 180 bps improvement in merchandise margin.
- Comparable sales reduced 1.1%, due in part to a Mother’s Day marketing shift.
- Direct-to-consumer sales raised 31%.
2015 Guidance
The Company reiterated preceding guidance. Comparable sales are predictable to be in a range of flat to up 2%. Earnings per diluted share are predictable to be in a range of $1.20 to $1.28. Weighted average diluted shares for the year are predictable to be 32.7 million.
Stage Stores, Inc. operates as a specialty department store retailer in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced brand name and private label apparel, accessories, cosmetics, footwear, and home goods.
At the end of Tuesday’s trade, Gevo, Inc. (NASDAQ:GEVO)‘s shares dipped -10.76% to $3.40.
Gevo, Inc. (GEVO) declared that it has priced its underwritten public offering of common stock units.
Gevo declared that it has agreed to sell 4,300,000 common stock units. Each common stock unit comprises of one share of common stock and one-tenth of a Series C warrant to purchase one share of common stock at a public offering price of $4.00 per common stock unit. The warrants will have an exercise price of $5.50 per share, be exercisable from the date of original issuance and will expire on May 19, 2020. The shares of common stock and the warrants will be right away separable and will be issued separately. The gross proceeds to Gevo from this offering are predictable to be about $17.2 million not counting any future proceeds from the exercise of the warrants.
Gevo, Inc., a renewable chemicals and biofuels company, focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. The company operates in two segments, Gevo, Inc.; and Gevo Development/Agri-Energy.
MBIA Inc. (NYSE:MBI), ended its Tuesday’s trading session with -8.36% loss, and closed at $8.99.
MBIA Inc. (MBI) declared the sale of an aggregate of 27,250,000 shares of the Company’s common stock by investment funds associated with Warburg Pincus LLC (“Warburg Pincus”) in a registered public offering. Warburg Pincus will receive all of the net proceeds from this offering. No shares are being sold by the Company or by any members of the administration team.
BTIG, LLC is acting as sole underwriter for the offering. BTIG, LLC proposes to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by it and subject to its right to reject any order in whole or in part.
After completion of the offering, Warburg Pincus will hold 18,372,877 shares of the Company’s common stock and will continue to have two nominees on the Company’s board of directors.
MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments.
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