News Watch List: Kura Oncology Inc (NASDAQ:KURA)

On Friday, Kura Oncology Inc (NASDAQ:KURA) started its trading session with the price $18.78 and closed at price of $19.39 by scoring 2.38%. Day range of the stock was $18.35 – $19.5. KURA stock traded with total volume of 784742 shares while the average trading capacity remained 346529 shares.  Earnings per share was $-1.63. KURA has total market capitalization of $854808123.

Kura Oncology (NASDAQ:KURA), a clinical-stage biopharmaceutical company focused on the development of precision medicines for oncology, reported the closing of its previously announced underwritten public offering of common stock, including the exercise in full by the underwriters of their option to purchase an additional 885,000 shares at the public offering price of $17.00 per share. The exercise of the option to purchase additional shares brought the total number of shares of common stock sold by Kura to 6,785,000 shares and increased the amount of gross proceeds raised in the offering, before underwriting discounts and estimated expenses of the offering payable by Kura, to approximately $115.3 million.

SVB Leerink and Cowen acted as joint book-running managers for the offering. Wedbush PacGrow and Oppenheimer & Co. acted as co-lead managers, and H.C. Wainwright & Co. acted as co-manager for the offering.

Kura Oncology stock identified change of 90.10% away from 52-week low price and recently located move of -11.86% off 52-week high price. It has market worth of $736.43M . KURA stock has been recorded 19.26% away from 50 day moving average and 27.50% away from 200 day moving average. Moving closer, we can see that shares have been trading 12.50% off 20-day moving average.

Note: This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

The stock observed return of 4.14% in 5 days trading activity. The stock was at 22.18% over one month performance. KURA’s shares are at 30.22% for the quarter and driving a 3.69% return over the course of the past year and is now at 38.11% since this point in 2018. 

 The average volatility for the week at 5.99% and for month was at 5.25%. There are 37.98M shares outstanding and 30.78M shares are floated in market. Right now the stock beta is 2.48. 

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