XOMA (NASDAQ:XOMAP) Trading Down 0.8% – What’s Next?

XOMA Co. (NASDAQ:XOMAP)’s stock price traded down 0.8% during mid-day trading on Friday . The stock traded as low as $25.30 and last traded at $25.30. 1,555 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 2,176 shares. The stock had previously closed at $25.50.

XOMA Stock Down 0.8 %

The firm has a fifty day simple moving average of $25.79 and a 200-day simple moving average of $25.73.

XOMA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a $0.5391 dividend. This represents a $2.16 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend is Friday, January 3rd.

About XOMA

XOMA Royalty Corporation operates as a biotech royalty aggregator in the United States and the Asia Pacific. It has a portfolio of economic rights to future potential milestone and royalty payments associated with partnered commercial and pre-commercial therapeutic candidates. The company also focuses on early to mid-stage clinical assets primarily in Phase 1 and 2 with commercial sales potential that are licensed to partners; and acquires milestone and royalty revenue streams on late-stage clinical or commercial assets.