Why MannKind Corporation Dropped a Day After It Ran Up [The Motley Fool]
MannKind Corporation (MNKD)
Last mannkind corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.mannkindcorp.com/press-releases
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Source: The Motley Fool
The biotech is raising cash after seeing its shares triple over the last month. Brian Orelli ( TMFBiologyFool ) Oct 11, 2017 at 1:14PM What happened MannKind ( NASDAQ:MNKD ) is down 18% at 12:40 p.m. EDT after the company said it raised approximately $57.7 million net of expenses by selling 10,166,600 shares of common stock at $6 per share. The biotech closed yesterday at $6.23 after an analyst upgrade sent shares higher, so a pullback to at least the offer price was to be expected, but shares are currently trading under $6. So what Despite the stock reaction, raising capital now is a good move by MannKind's management. Shares had more than tripled over the last month thanks to a label revision for Afrezza, its inhaled insulin product. MannKind thinks the label change, which describes the time-action profile by dosage strength, should help
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MNKD
News
- MannKind Repays Certain Debt Obligations [Yahoo! Finance]Yahoo! Finance
- MannKind Repays Certain Debt ObligationsGlobeNewswire
- MannKind Corporation (NASDAQ:MNKD) down to US$1.2b market cap, but institutional owners may not be as affected after a year of 9.7% returns [Yahoo! Finance]Yahoo! Finance
- MannKind Announces CFO Transition [Yahoo! Finance]Yahoo! Finance
- MannKind CFO Steven Binder to retire [Seeking Alpha]Seeking Alpha
MNKD
Earnings
- 2/27/24 - Beat
MNKD
Sec Filings
- 4/22/24 - Form 3
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- MNKD's page on the SEC website