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MGIC Investment Corp. (NYSE:MTG) shares gained after it declared that it is selling 135 million common shares and $350 million in convertible notes to increase capital. The stock sale would generate almost $721 million. Further grants to underwriters would put the total amount raised around $1.2 billion.
In the last trading session, MGIC Investment Corp. (NYSE:MTG)reported the gain of +27.75% and closed at $5.34 with the overall traded volume of 60.80 million shares. MTG has market cap of 1.08 billion.
For How Long MTG will Fight for Profitability? Read This Trend Analysis report
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) surged +18.02% with the closing price of $4.06. The overall volume in the last trading session was 18.27 million shares. Its fifty two week range was $1.47-$4.79. The total market capitalization remained $688.47million.
HIMX is ahead its 52 week low with 176.19% and its last month price volatility remained 11.42%. Its beta coefficient was 1.63 with a target price of $3.80. HIMX has insider ownership of 12.38% with its institutional ownership remained 14.31%. Company’s current year earnings per share grew with 395.70% while the five year EPS growth rate was 12.05%.
For How Long HIMX’s Gloss will Attract Investors? Find out via this report
Cree, Inc. (NASDAQ:CREE) shares moved up and touched a new high of $52.35 after it raised its adjusted earnings guidance for the third quarter to a range of $0.31 to $0.36 per share from the earlier forecast in the $0.30 to $0.35 per share range. The company also raised its third-quarter revenue guidance to a range of $335 million to $350 million from the prior estimate between $325 million and $345 million.
In the last trading session, Cree, Inc. (NASDAQ:CREE) gained +14.40% to close at $51.16 and its total traded volume was 13.28 million shares more than the average volume of 2.49 million.
Will CREE Continue To Move Higher? Find Out Here
Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) shares went up +48.29% and closed at $3.04 in the last trading session with the total traded volume of 8.64 million shares. ACUR has market cap of 139.43 million and its beta value stands at 0.85 times. Acura Pharmaceuticals, Inc. is a specialty pharmaceutical company engaged in the research, development and commercialization of products focused on addressing medication abuse and misuse, utilizing its Aversion and Impede Technologies.
Why Should Investors Buy ACUR After The Recent Gain? Just Go Here and Find Out
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