XOMA Keeps Ticking Lower, Down 20%

XOMA Ltd (XOMA) shares nosedived more than 20 percent to $4.71 by 12:00 pm est during Tuesday’s trading session. Shares are seeing huge volume; mid-way through the session XOMA has already traded 17.3 million shares, well above the daily average volume of 1.3 million shares.

Despite today’s drop, shares of Berkeley, Calif.- based XOMA have had a tremendous run, gaining around 180% this month. The stock however, whose PE to Growth ratio, Profit margin and t/12 ROA are (0.12) ; (105.21%) and (62.58%) respectively, has surrendered 42.35% year-to-date.

At last check, shares of XOMA were off $1.21 to $4.93, a loss of 19.71%. Day’s range: $4.71 – $6.03. Previous close : $6.14.

Disclosure: No Position

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About Ron Haruni 1064 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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