Xencor (XNCR) Surges 10.5%: Is This an Indication of Further Gains?
XNCRXencor(XNCR) ZACKS·2024-09-12 17:55

Xencor (XNCR) shares rallied 10.5% in the last trading session to close at $21.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.8% gain over the past four weeks. This jump in share price came after the company announced that it was floating a secondary issue of common stock, along with pre-funded warrants, to raise nearly $175 million in gross proceeds. Management intends to issue more than 6.6 million ...