Spectrum Pharmaceuticals: Despite Share Offering, Still Cheap vs. Other Cancer Drugmakers
Sep 20, 2009 - 4:50 PM EDT
On Friday, Spectrum Pharmaceuticals (SPPI) announced the company sold $50 million worth of common shares at $7.55. As is often the case when a company sells additional shares, the share price fell.
Shares of SPPI closed down -4.39% to $7.18 in Friday trading. Complete Story »
Source: Seeking Alpha (Sep 20, 2009 - 4:50 PM EDT)