Vascular Biogenics (VBLT) Breakout Move; United Continental (UAL), Delta Air Lines (DAL) Seen as Potential Bidders for Avianca Holdings (AVH)
Shares of Vascular Biogenics Ltd. (Nasdaq:VBLT) soared more than 40% in after-hours trading Friday as the clinical stage biopharmaceutical company said that a combination of its anti-cancer gene-therapy agent VB-111 with Avastin(R) (bevacizumab) demonstrated – in a Phase 2 study – a significant survival benefit in recurrent glioblastoma (rGBM) patients versus Avastin alone
VBLT stock finished the regular session at $3.97, up $0.18 (or +4.75%) and 357,782 of its shares changed hands during the day, a large increase in activity versus its average volume (3m) of 56,106
Vascular Biogenics, which focuses on the discovery, development and commercialization of first-in-class treatments for cancer, has 22.48M Shares Outstanding, Market Capitalization (intraday) of $89.24M and VBLT stock 52-week range is from $2.76 to $12.25 per share
Avianca Holdings S.A. (NYSE:AVH) shares climbed to touch the $6.78 mark during Friday’s trading session, following a report by the Wall Street Journal indicating that giants United Continental Holdings, Inc. (NYSE:UAL) and Delta Air Lines, Inc. (NYSE:DAL) are among suitors considering bids for the company that integrates several Latin American airlines under the Avianca brand.
AVH stock finally closed at $6.51, up $1.33 (or +25.68%) with a total volume of 2,814,477 shares traded
Avianca Holdings, which provides air transportation services, has 124.62M Shares Outstanding, Market Capitalization (intraday) of $811.30M and AVH stock one-year range is between $3.40 and $11.08 per share
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