XOMA (NASDAQ:XOMAO) Shares Down 0.9% – Here’s What Happened

XOMA Co. (NASDAQ:XOMAO) shares dropped 0.9% during mid-day trading on Friday . The company traded as low as $25.37 and last traded at $25.37. Approximately 3,579 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 2,715 shares. The stock had previously closed at $25.59.

XOMA Stock Down 0.9%

The business has a fifty day moving average price of $25.50 and a 200-day moving average price of $25.43.

XOMA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were issued a $0.5234 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Thursday, April 2nd.

About XOMA

XOMA Corporation is a clinical-stage biotechnology company specializing in the discovery and development of therapeutic antibodies. The company applies its proprietary protein engineering and antibody optimization platform to generate novel drug candidates targeting autoimmune, inflammatory and metabolic diseases. XOMA’s scientific expertise spans antibody discovery, engineering, in vitro and in vivo testing, and early‐stage clinical development.

In addition to advancing its own pipeline of antibody candidates, XOMA collaborates with pharmaceutical and biotechnology partners to provide research and development services.