On Friday, Shares of EXACT Sciences Corporation (NASDAQ:EXAS), lost -3.63% to $24.14.
Exact Sciences Corporation declared that Jefferies LLC and Robert W. Baird & Co. Incorporated, the underwriters of the Company’s formerly declared public offering of 7,000,000 shares of common stock, are reoffering the shares to the public at an initial price of $25.50 per share. The Company has also granted the underwriters an option to purchase up to 1,050,000 of additional shares. The offering is predictable to close on or about July 24, 2015, subject to customary closing conditions.
The Company intends to use the net proceeds of this offering to fund expansion of Cologuard® commercialization activities, to fund product development efforts, and for general corporate and working capital purposes.
Exact Sciences Corporation, a molecular diagnostics company, focuses on developing non-invasive colorectal cancer screening products. The company develops the Cologuard, a non-invasive stool-based DNA colorectal cancer screening test that is designed to detect pre-cancerous lesions or polyps, and each of the four stages of colorectal cancer.
Shares of SeaWorld Entertainment Inc (NYSE:SEAS), declined -1.26% to $18.00, during its last trading session.
On July 15, SeaWorld Entertainment issued the following statement from CEO Joel Manby in response to recent news reports:
“The allegations made yesterday against a SeaWorld employee are very concerning. These allegations, if true, are not consistent with the values of the SeaWorld organization and will not be tolerated. The SeaWorld Board of Directors and I have initiated an investigation into this matter which will be led by independent outside counsel, Ron Olson of Munger, Tolles & Olson, whose firm will have full access to our organization and people. In addition, we have placed the employee in question on paid administrative leave pending the findings of the investigation. We will take all appropriate actions based on the results of the investigation to ensure that the integrity and values of the SeaWorld organization are upheld.”
SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne.
At the end of Friday’s trade, Shares of FedEx Corporation (NYSE:FDX), lost -1.67% to $164.07.
150 drivers from 48 states representing FedEx Corp. operating companies will compete in the National Truck Driving Championships (NTDC) in St. Louis, Missouri, August 11-15.
Each FedEx driver earned the right to compete in the NTDC by winning at state-level truck driving championships. The American Trucking Associations (ATA) sponsor the NTDC, which is designed to recognize industry leadership in safety and to promote professionalism among truck drivers.
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; international trade advisory services, such as assistance with the customs-trade partnership against terrorism program; and customs clearance services, in addition to global trade data, an information tool that allows customers to track and manage imports.
Finally, Ocwen Financial Corp (NYSE:OCN), ended its last trade with -1.90% loss, and closed at $10.82.
Ocwen Financial Corporation will hold a conference call on Thursday, July 30, 2015 at 5:00 p.m. (ET) to review the Company’s 2nd Quarter 2015 operating results. These events will follow Ocwen’s second Quarter 2015 earnings release.
Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate.
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