Atlanta, GA – Scibility Media – 11/14/2014.
This article discusses two companies: Revance Therapeutics Inc(NADAQ:RVNC) and RCS Capital Corp(NYSE:RCAP)
Revance Therapeutics Inc(NADAQ:RVNC) reported its third quarter financial results on Nov. 12th, 2014. The company reported a loss from operations of $13.8 million and a cash and cash equivalent total of $187.5 million. The California-based biopharmaceutical company develops, manufactures, and commercializes novel botulinium toxin products.
The company traded for as little as $14.02 during yesterday’s trading, a new 52 week low for Revance Therapeutics. Yesterday’s loss was affected by an increased interest in the stock, which had a trading volume of 2.30 million for the day. This figure dwarfs the company’s three month average volume of 0.18 million, suggesting that traders have taken notice of Revance Therapeutics.
RCS Capital Corp(NYSE:RCAP)participated in the Bank of America Merrill Lynch Banking and Financial Services Conference on Nov. 13th, 2014. The company also reported its third quarter operating results on that same date, announcing a net income of $35.5 million, or $0.40 per fully diluted share. The company is currently being sued by American Realty Capital for terminating an agreement to purchase a business.
Like Revance Therapeutics, RCS Capital also traded for a new 52 week low of $8.94 during yesterday’s trading, a figure which is $30.04 lower than its high of $39.98 for the same period. The company also saw its trading volume spike to a figure of 7.28 million yesterday. Simply put, RCS Capital is currently trending downward.
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