Secoo Holding prices offering

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Secoo Holding Ltd. (Nasdaq: SECO) priced its public offering of 8.5 million American depositary shares at the price of $13.00 per share sending the stock price tumbling $3.00 to close at $10.00.


Versartis Inc. (Nasdaq: VSAR) reported disappointing results from a VELOCITY Phase 3 clinical trial of somavaratan to treat pediatric growth hormone deficiency. Shares of the biopharmaceutical collapsed $18.93 to close at $2.67.

 


Compass Minerals International Inc.'s (NYSE: CMP) Goodrich, Ontario rock salt mine is operating at reduced rates. The stock price plunged $9.40 to close at $60.10.



Marinus Pharmaceuticals to present

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Marinus Pharmaceuticals Inc. (Nasdaq: MRNS) will present at the Cantor Fitzgerald Global Healthcare Conference on Wednesday, September 27, 2017. The stock price rose 52 cents to close at $4.88.



Price target lifted on Ascendis Pharma

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Credit Suisse analyst Alethia Young lifted her price target on Ascendis Pharma (Nasdaq: ASND) from $30.00 to $50.00 sending the stock price soaring $6.50 to close at $34.24.



Exelixis downgraded

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Leerink Partners downgraded Exelixis Inc. (Nasdaq: EXEL) from an Outperform rating to a Market Perform rating and slashed its price target from $34.00 to $28.00. The stock price plummeted $3.54 to close at $24.47.



The Food and Drug Administration warned that Intercept Pharmaceuticals Inc.'s (Nasdaq: ICPT) Ocalivia may cause liver damage and possible death. Shares of the biopharmaceutical collapsed $24.42 to close at $73.70.


Kindred Healthcare upgraded

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Zacks Investment Research upgraded Kindred Healthcare Inc. (NYSE: KND) from a Sell rating to a Hold rating lifting the stock price 70 cents to close at $6.30.



IBC2017 awarded a NewBay Best of Show Award to the artificial intelligence solution to aiWARE for Xcellis from Veritone Inc. (Nasdaq: VERI) and Quantum Corp. (NYSE: QTM). Shares of Veritone leaped $7.57 to close at $53.70 while Quantum stock edged up 18 cents to close at $5.92.



Chevron Corp. (NYSE: CVX) terminated a drilling contract with Transocean Ltd. (NYSE: RIG) for the ultra-deepwater drillship Discoverer Clear Leader. Shares of Transocean dropped 69 cents to close at $9.08 while Chevron stock edged up 10 cents to close at $116.47.

 


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