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Home » Business & Finance » U.S. Stocks That Acquired’ Sizzling Gains - Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation (NASDAQ:DRRX), On Deck Capital Inc (NYSE:ONDK)
U.S. Stocks That Acquired’ Sizzling Gains – Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation (NASDAQ:DRRX), On Deck Capital Inc (NYSE:ONDK)

U.S. Stocks That Acquired’ Sizzling Gains - Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation (NASDAQ:DRRX), On Deck Capital Inc (NYSE:ONDK)

March 10, 2015 12:49 pm by: Category: Business & Finance Leave a comment A+ / A-

Following U.S. Stocks were among the “Top Gainers” during Monday’s trade: Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation (NASDAQ:DRRX), On Deck Capital Inc (NYSE:ONDK)

Their insights are depicted underneath:

Abraxas Petroleum Corp (NASDAQ:AXAS)’s shares picked up 3.90%, and closed at $3.33.

Through March 4, Abraxas Petroleum Corp. (AXAS), stated financial and operating results for the three and twelve months ended December 31, 2014.

Financial and Operating Results for the Three Months Ended December 31, 2014:

The three months ended December 31, 2014 resulted in:

  • Production of 624 MBoe (6,785 Boepd); 626 MBoe (6,808 Boepd) inclusive of suspended Canadian operations
  • Proceed of $34.2 million inclusive of realized hedge settlements
  • Adjusted EBITDA(a) of $20.6 million inclusive of Raven Drilling
  • Adjusted discretionary cash flow(a) of $20.0 million inclusive of Raven Drilling
  • Net revenue of $30.1 million, or $0.29 per share
  • Adjusted net revenue(a), not including certain non-cash items and inclusive of Raven Drilling of $6.1 million, or $0.06 per share.

Abraxas Petroleum Corporation, an independent energy corporation, is engaged in the attainment, exploitation, development, and production of oil and gas in the United States and Canada.

Celladon Corp (NASDAQ:CLDN), raised 3.71%, and closed at $24.89. The stock volatility for the week is 9.58%, while for the month it is 6.06%. The company has the market capitalization of $580.05M. The mean recommendation of analysts for this stock is 1.50.(where 1=Buy, 5=Sale).

Celladon Corporation, a clinical-stage biotechnology corporation, focuses on developing treatments for heart failure, diabetes, and neurodegenerative diseases.

DURECT Corporation (NASDAQ:DRRX), enhanced 3.66%, and closed at $1.70.

DURECT Corporation (DRRX), declared financial results for the three months ended December 31, 2014. Total proceeds were $4.3 million for the three months ended December 31, 2014 and for the three months ended December 31, 2013. Net loss was $5.9 million for the three months ended December 31, 2014 as contrast to a net loss of $5.1 million for the same period in 2013.

Total proceeds were $19.4 million and net loss was $22.1 million for the year ended December 31, 2014, contrast to total proceeds of $15.3 million and net loss of $21.5 million for the year ended December 31, 2013.

At December 31, 2014, we had cash and investments of $34.9 million, contrast to cash and investments of $24.4 million at December 31, 2013. At December 31, 2014, we had $19.8 million in long term debt.

DURECT Corporation, a specialty pharmaceutical corporation, is engaged in the development of pharmaceutical products based on its proprietary drug delivery technology platforms in the United States and internationally.

On Deck Capital Inc (NYSE:ONDK), rose 3.26%, and closed at $16.76.

Form 8-K: On March 3, 2015, On Deck Capital, Inc. (ONDK), reached a Lease Modification Contract with ESRT 1400 Broadway, L.P. The Lease Amendment amends the Contract of Lease dated as of September 25, 2012, as amended by that certain Lease Modification Contract dated as of January 23, 2014 and that certain Lease Modification Contract dated as of May 12, 2014, for the Corporation’s headquarters located at 1400 Broadway, New York, New York 10018 (the “Building”). The Lease Amendment provides for expansion of the property rented, construction terms regarding the property and extension of the lease term. In addition to the office premises the Corporation presently occupies (the “Current Premises”), the Lease Amendment provides for the lease by the Corporation of an aggregate additional 78,787 square feet on the 12th, 22nd, 23rd and 24th floors of the Building (the “Expansion Premises”). The Lease Amendment provides for delivery of the various portions of the Expansion Premises as and when each portion of the Expansion Premises is accessible and otherwise complies with the Lease Amendment.

Following the Lease Amendment, the term of the Corporation’s lease with respect to the Current Premises and Expansion Premises will terminate on the ten year and ten month anniversary of the delivery of the premises on the 23rd floor of the Building (the “New Expiration Date”). The Corporation has also been granted a right of first offer to lease, at the then fair market value, additional space on the 22nd and 26th floors of the Building that is not comprised of in the Current Premises or Expansion Premises.

The aggregate fixed rent for the Expansion Premises (when fully delivered) will initially be $4.3 million per annum (with the rent commencing with respect to the various portions of the Expansion Premises as and when each such portion is delivered in accordance with the terms of the Lease Amendment). The allocated rent for each portion of the Expansion Premises shall remain at the initial level for the first five years and ten months following delivery of such portion. Thereafter it will raise in accordance with the terms of the Lease Amendment. Accordingly, upon the expiration of such period as it pertains to the final portion of the Expansion Premises to be delivered, the aggregate fixed rent payable with respect to the Expansion Premises will be $4.7 million per annum through the New Expiration Date. The Lease Amendment provides for aggregate rent credits of $3.6 million and construction and other allowances with respect to the Expansion Premises not to exceed an aggregate amount of $5.8 million (such amounts being allocated, following the Lease Amendment, to the various portions of the Expansion Premises). The Corporation is obligated to pay its proportionate share of escalations in operating expenses and real estate taxes allocable to each portion of the Expansion Premises as offered in the Lease Amendment. Under the Lease Amendment, the Corporation’s security deposit has raised from $1.1 million to $3.8 million: $1.1 million of which represents the Corporation’s preceding security deposit; $2.5 million of which has been deposited upon the signing of the Lease Amendment; and $0.2 million of which will be deposited preceding to the delivery of the final portion of the Expansion Premises.

The foregoing description of the Lease Amendment does not purport to be complete and is qualified in its entirety by reference to the Lease Amendment, which will be filed as an exhibit to our Annual Report on Form 10-K for the year ended December 31, 2014.

On Deck Capital, Inc. provides financing products and services. It offers fixed term loans and revolving line of credit for small businesses. The corporation underwrites, processes, and services its small business loans through its online platform.

U.S. Stocks That Acquired’ Sizzling Gains - Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation (NASDAQ:DRRX), On Deck Capital Inc (NYSE:ONDK) Reviewed by on . Following U.S. Stocks were among the "Top Gainers" during Monday's trade: Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation ( Following U.S. Stocks were among the "Top Gainers" during Monday's trade: Abraxas Petroleum Corp (NASDAQ:AXAS),Celladon Corp (NASDAQ:CLDN), DURECT Corporation ( Rating: 0

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