In this report: Ubiquiti Networks (NASDAQ:UBNT), Oxigene Inc. (NASDAQ:OXGN) and Norfolk Southern Corp. (NYSE:NSC).
Ubiquiti Networks (NASDAQ:UBNT) gained 15 percent after the company began its first day trading on the Nasdaq Global Select Market. The company offer 7 million shares to investors at a price range of $15 to $17 a share. Ubiquiti Networks communications technology company that was founded in 2005. It designs and manufactures disruptive technology platforms for emerging markets. Platforms include AirMax, UniFi, and AirVision, which are focused on user experience combined with performance at disruptive cost points. Ubiquiti Networks currently trades at $17.25 per share.
Oxigene Inc. (NASDAQ:OXGN) is trading over 25 percent higher today at $1.31 per share. The company announced today the termination of a Material Definitive Agreement with Kingsbridge Capital Limited of its Committed Equity Financing Facility in which Kingsbridge committed to purchase up to $40 million of the company’s common stock, subject to certain conditions.
Norfolk Southern Corp. (NYSE:NSC) is trading over 0.8 percent higher today despite receiving a downgrade by analysts at BB&T Capital. The firm now rates Norfolk Southern with a ‘Hold’ rating, down from ‘Buy’. The company last traded at a price of $67.59 per share
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