Why XBiotech Shares Are Skyrocketing 32.7% Today [The Motley Fool]
XBiotech Inc. (XBIT)
Last xbiotech inc. earnings: 8/9 03:01 pm
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US:NASDAQ Investor Relations:
xbiotech.com/about/investors.html
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Source: The Motley Fool
What happened After the company announced that it will repurchase up to $0 million of its shares at a price no lower than $0 nor higher than $ apiece, shares in XBiotech ( NASDAQ:XBIT So what The share repurchase follows Johnson & Johnson NYSE:JNJ acquisition IMAGE SOURCE: GETTY IMAGES. At the time, XBiotech said it planned to use the windfall for research that can resupply its clinical-stage pipeline and for a "capital transaction, such as a stock repurchase, subject to board review and approval." Although it was clear XBiotech was considering returning some of the proceeds to shareholders, the price it has agreed to pay appears to have caught investors off guard given yesterday's closing price of $8.. Shareholders can tender their shares in return for a cash payment equal to no less than $0 per share and no more than $ per share through Feb. . According to management, this modified Dutch auction offer represents the best way for the company to reward investors who might want to unlo
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XBIT
News
- XBiotech Inc.'s (NASDAQ:XBIT) top owners are retail investors with 44% stake, while 44% is held by insiders [Yahoo! Finance]Yahoo! Finance
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- XBiotech Inc. (NASDAQ: XBIT) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
XBIT
Sec Filings
- 3/15/24 - Form 10-K
- 2/7/24 - Form SC
- 2/7/24 - Form SC
- XBIT's page on the SEC website