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Stock Market & Financial Investment News

News Breaks
August 13, 2014
08:04 EDTOTICOtonomy 6.25M share IPO priced at $16.00
The deal size was increased to 6.25M shares from 5.3M shares and priced at the high end of the $14.00-$16.00 range. JPMorgan and BofA/Merrill acted as joint book running managers for the offering.
News For OTIC From The Last 14 Days
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May 26, 2015
08:27 EDTOTICLeerink sees no read through to Auris from Otonomy trial miss
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May 22, 2015
12:34 EDTOTICOn The Fly: Top stock stories at midday
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09:57 EDTOTICOn The Fly: Analyst Downgrade Summary
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07:12 EDTOTICOtonomy weakness a 'compelling' buying opportunity, says Piper Jaffray
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06:54 EDTOTICOtonomy downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Otonomy to Neutral citing added uncertainty after the company's Phase 2b trial of OTO-104 in Meniere's disease missed its primary endpoint. The firm does think the corresponding share weakness could be an opportunity for longer term investors, however. It cut its price target for shares to $30 from $42.
May 21, 2015
18:49 EDTOTICOn The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 1%. ALSO HIGHER: Autobytel (ABTL), up 14.1% after acquiring Dealix Corporation and Autotegrity from CDK Global (CDK) for $25M and raising fiscal 2015 guidance... StemCells (STEM), up 2.5% after being initiated with a Buy at Cantor... PTC Therapeutics (PTCT), up 2.3% after a Benefit Assessment by Germany's Federal Joint Committee indicated that Translarna provided a benefit for ambulatory patients... CBOE Holdings (CBOE), up 1.6% after raising share repurchase authorization by $100M... Cypress Semiconductor (CY), up 1.2% after being initiated with a Buy at Mizuho. DOWN AFTER EARNINGS: Aeropostale (ARO), down 18.5%... Brocade (BRCD), down 2.1%... Marvell Technology (MRVL), down 2.9% after reporting quarterly results and departure of CFO. ALSO LOWER: Otonomy (OTIC), down 17.7% following report of Phase 2b topline data for OTO-104... Viggle (VGGL), down 18.8% after filing to sell common stock... CEL-SCI (CVM),down 2.7% after announcing a proposed offering of common stock and warrants.
16:40 EDTOTICOtonomy down 12% following report of Phase 2b topline data for OTO-104
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16:15 EDTOTICOtonomy reports Phase 2b topline data for OTO-104
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May 18, 2015
07:36 EDTOTICOtonomy appoints Eric Loumeau as general counsel, Chief Compliance Officer
Otonomy (OTIC) announced the appointment of Eric Loumeau as general counsel and Chief Compliance Officer. Prior to joining Otonomy, Loumeau was the vice president of legal affairs at The Medicines Company (MDCO).

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