Biggest Movers From Yesterday

Gainers

 

On Thursday, after the announcement the company has received FDA emergency use authorization for its coronavirus diagnostic assay kit which was shared by Inc. (NASDAQ: APDN) surged 71.1% to close at $15.21.  Innovative Solutions and Support, Inc.(NASDAQ: ISSC) surged 21.4% to close at $5.00 after announcing  Q2 results. The gain of  21.4% to close at $0.5790  by Biopharma Corporation (NYSE: BPMX) shares after the company reported approval of combination with Timber Pharma by shareholders.

Losers

On Thursday,  at the ASCO after the bw stock at https://www.webull.com/newslist/nyse-bw company highlighted details of the presentation. Shares of CytomX Therapeutics, Inc. (NASDAQ: CTMX) fall down  36.1% to close at $9.23 on. After the reporting of the company, the commencement of a 40 million share common stock offering. Comstock Resources, Inc. (NYSE: CRK) dropped 31.7% to close at $4.44.

 

United Natural Foods, Inc. (NYSE: UNFI) fell 20.8% to close at $17.90.

 

Today announcement was done by B&W Completes Two-Year Financing Agreement and Credit Extension

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) (“B&W”)  regarding that the bw stock Company has made some changes in its Credit Agreement, which amendment restore and take place of the previously disclosed agreement to refinance the Company’s senior debt by May 15, 2020, among other things.  With a maturity date of June 30, 2022 letters of credit will be extended for two years Under the terms of the amended Credit Agreement.

Additionally, $30 million of new Tranche A last-out term loans and has committed to providing $35 million of additional incremental by B. Riley Financial, Inc. (“B. Riley. through the maturity date, last-out term loans have been provided.  Over time, reductions in rotating credit facility commitments these increments in last-out term loans will reduce the revolving credit facility through.

The proceeds from the last-out term loans are expected to be used to pay transaction fees and expenses, repay outstanding spinning credit facility borrowings, to support working capital, and general corporate purposes. Limited guaranty for all obligations is provided by Riley. Which also includes good whirling credit loans and earned interest and fees.

Forward-Looking Statements

Agreement’s current desires and involve a number of risks and uncertainties, including, among other things, the effect of COVID-19 on us and the capital markets. Our recollection of any asset impairments as a result of any decline in the value of our assets or our efforts to dispose of any assets in the future. Our capability to obtain and continue ample financing to provide liquidity to fulfill our business objectives, surety bonds, letters of credit, and similar financing. You can also check uco stock at  https://www.webull.com/newslist/nysearca-uco.