On Monday, Second Sight Medical Products Inc (NASDAQ:EYES)’s shares inclined 7.14% to $15.15.
Second Sight Medical Products Inc (EYES) declared that Matthew J. Pfeffer, Corporate Vice President and Chief Financial Officer of MannKind Corporation, has been designated to its Board of Directors effective right away. Mr. Pfeffer qualifies as a financial expert under SEC regulations, and will serve as the Chair of the Committee.
Since 2008, Mr. Pfeffer has been Corporate Vice President and Chief Financial Officer of MannKind Corporation. Formerly, Mr. Pfeffer served as Chief Financial Officer and Senior Vice President of Finance and Administration of VaxGen, Inc., with responsibility for finance, tax, treasury, human resources, IT, purchasing and facilities functions. Prior to VaxGen, Mr. Pfeffer served as CFO of Cell Genesys, Inc. where during his nine year tenure he served as Director of Finance before being named CFO in 1998. Mr. Pfeffer formerly served in a variety of financial administration positions at other companies, counting roles as Corporate Controller, Manager of Internal Audit, and Manager of Financial Reporting. Mr. Pfeffer is a Certified Public Accountant and began his career at Price Waterhouse.
Second Sight Medical Products, Inc. develops, manufactures, and markets implantable prosthetic devices to restore functional vision to blind patients in the United States, Canada, Europe, and Saudi Arabia. It offers Argus II System, an implantable neurostimulation device that uses electrical stimulation of the retina to replace the function of the defunct photo-receptors in retinitis pigmentosa patients.
SINA Corp (NASDAQ:SINA)’s shares dropped -2.04% to $59.50.
SINA Corp (SINA)’s shares have been on an uptrend since the company declared on Jun 1 that it has signed a contract to sell as many as 11 million newly issued shares to Charles Chao, the company’s CEO and Chairman. Since then, shares have gained 11.7% so far.
The shares will be priced at $41.49 each, the average closing trading price of the company’s shares for 30 trading days trailing the agreement on May 29. The total value of the deal comes to about $456 million.
According to the deal, CEO Chao has reached a six-month lockup restriction per which he will not able sell any of these shares for a period of 6 months. This further boosted investors’ confidence in the company.
Growth potential of the e-commerce, e-banking, online payment and online entertainment services markets in China over the long term is a positive for the company. SINA’s micro-blogging platform Weibo has also been gaining immense traction of late. However the company’s core business has been witnessing sluggishness for the past few quarters owing to the ongoing shift from PC to mobile.
SINA Corporation, through its subsidiaries, operates as an online media company in the People’s Republic of China. It operates SINA.com, an online brand advertising portal that provides region-focused format and content, including multimedia news; sporting events news; automobile-related news; business news coverage and personal finance columns; entertainment news and events; technology updates; interactive video products, such as news, sports, entertainment, and education; and education, digital, fashion, eLadies, luxury, health, collectibles, travel, and other interest-based channels.
At the end of Monday’s trade, Gentex Corporation (NASDAQ:GNTX)‘s shares decreased -1.34% to $ 16.94.
Gentex Corporation (NASDAQ:GNTX) stated that its Board Of Directors approved an enhance in its quarterly cash dividend to $0.085 per share. The Board subsequently declared a quarterly cash dividend of $0.085 per share that will be payable July 17, 2015, to shareholders of record of the common stock at the close of business on July 7, 2015.
The Company is happy to declare an enhance in the dividend rate due to its ongoing growth and financial success. Our administration and board of directors believe in the value placed on dividends by the shareholder. The Company has a long history of paying out a noteworthyportion of our earnings in dividends, since more favorable tax treatment was implemented in 2003.
Gentex Corporation designs, develops, manufactures, and markets automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide.
Cousins Properties Inc (NYSE:CUZ), ended its Monday’s trading session with -1.68% loss, and closed at $10.52.
Cousins Properties Inc (CUZ) declared that it has signed a lease renewal with Transocean Ltd. for 255,413 square feet at Greenway Plaza in Houston, TX.
Transocean, the fourth largest customer in Cousins’ Houston portfolio, presently occupies 4 Greenway Plaza in its entirety. This 255,413 square foot transaction renews 100 percent of their current space at 4 Greenway Plaza and extends their expiration on this space from January 2017 to January 2023. Transocean also presently occupies an additional 13,552 square feet of space in 3800 Buffalo Speedway at Greenway Plaza which expires January 2017.
Greenway Plaza is a 4.5 million square-foot Class A office complex located in the Greenway submarket of Houston, TX. With the Transocean renewal, leasing at Greenway Plaza now stands at 90 percent. Bob Boykin, Warren Savery, Bubba Harkins and Will Hightower represented Cousins in this transaction.
Transocean is a leading international provider of offshore contract drilling services for energy companies, owning and operating among the world’s most versatile fleets with particular focus on deepwater and harsh-environment drilling. Jay Bonano of Savills Studley, Inc. represented Transocean in this transaction.
Cousins Properties Incorporated, a real estate investment trust (REIT), owns, develops, and manages real estate portfolio, in addition to performs certain real estate-related services in the United States. The company operates through four divisions: Office/Multi-Family, Retail, Industrial, and Land. The Office/Multi-Family division develops and manages office projects primarily in Austin, Dallas, Charlotte, Birmingham, and Atlanta; develops and sells multi-family projects in urban locations in the southeastern United States; and manages and leases office properties owned by third parties.
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