XOMA Stock – Quick Win: 23.33% Return in 7 Days

Xoma Stock

Xoma Corporation (XOMA) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on May 1st for the 7 day time horizon. XOMA had a signal of 172.71 and a predictability of 0.16. In accordance with the algorithm, the company reported short-term capital gains of 23.33%.

Xoma was part of the stock forecast that can be found in the “Industry” Package.

The full BioTech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

  • top ten biotech stocks picks to long
  • top ten biotech stocks picks to short

Get the “Industry Package – BioTech Stocks”

XOMA is a biotechnology company focused on the discovery and development of monoclonal antibody-based therapeutics.

XOMA is a late-stage biotechnology company with a diverse portfolio of innovative therapeutic antibodies. The Company has built an expertise in allosteric modulation and has applied that expertise to expand the therapeutic potential of monoclonal antibodies.

XOMA has partnered with SERVIER, a global pharmaceutical company based in France, to develop and commercialize gevokizumab for the global market, and the companies are conducting a global Phase 3 program in people with Behçet’s disease uveitis and non-infectious uveitis. The result seems promising and investors are expecting positive outcomes from the study.

Last Thursday XOMA reported a net loss of $21.7 million compared with a net loss of $4.7 million in the first quarter 2014. Still the stock went up on friday since XOMA also announced many products in development phase will be ready to get into approval phase by the FDA, increasing then investor confidence within the company. Also, XOMA ended the quarter with $67.5 million in cash and attained a $20 million secured loan during the quarter, signaling then to investors that they won’t run out of liquidity until minimum 2016.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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