Check the background of this firm on FINRA's BrokerCheck.

Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

Check the background of this firm on FINRA's BrokerCheck.

Diamonds and Dogs

4/6/15

UniQure N.V. (QURE)

UniQure is on fire today, up 46.85% to $33.57. The biotechnology company saw its shares pop after news that Bristol Myers Squibb would invest in the company. Bristol-Myers will pay approximately $100 million, including an upfront payment of $50 million, a $15 million payment to select two collaboration targets, and a $32 million investment in UniQure for a 4.9% stake in the Dutch company. Bristol-Myers will earn an additional 5% ownership before the end of the year at a 10% premium. Shares of UniQure rallied over $10.00 today to a new 52-week high of $35.50 intraday.

Resonant Inc. (RESN)

Resonant Inc. is crashing today, down 40.46% to $4.40. The radio frequency filter company saw its shares fall after news of its development agreement with its first customer has been terminated. The company said in a statement, "We would like to reiterate that we are on track to develop a filter design for our second customer that we expect to deliver in less than a year. We also expect to complete our prototype tunable filter before year end, as planned." Regardless of the company seeing another customer, investors are nervous that the first customer backed out of the agreement. Shares of Resonant fell nearly $3.00 today and hit a new 52-week low of $4.21 intraday. 

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.