Shares of LightPath Technologies, Inc. (LPTH) are higher by 38.51% to $1.86 in morning trading on Tuesday after the company announced that its Infrared 40 degree Field of View molded optical lens assembly has been selected by a supplier of integrated products and technologies to federal, state and municipal government agencies worldwide.
Ironwood Pharmaceuticals, Inc. (IRWD) shares plunged 7.51% to $12.80 in late morning trading after the company announced $300 million aggregate principal amount of convertible senior unsecured notes that will mature on June 15, 2022.
Ironwood said the Notes will bear cash interest, payable on June 15 and December 15 of each year, beginning on December 15, 2015. The Notes will not be redeemable prior to maturity.
Shares of Marinus Pharmaceuticals, Inc. (MRNS) rocketed over 30 percent Tuesday following positive results from Sage Therapeutics (SAGE).
MRNS shares recently gained $2.86 to $12.35. In the past 52 weeks, shares of Radnor, Pennsylvania-based company have traded between a low of $4.00 and a high of $16.60. Shares are down 10.22% year-to-date.
Bebe Stores, Inc. (BEBE) shares plunged 21.67% to $1.88 in late morning trading following the company’s announcement of a secondary offering of 46.914 million shares of common stock by certain selling shareholders affiliated with its chairman Manny Mashouf who confirmed his intention to sell 59% ownership stake.
About 1.1 million shares of Bebe Stores have exchanged hands as of 11:16 a.m. ET today, compared to its average trading volume of about 267K shares a day