Yesterday, National Penn Bancshares (NPBC) announced they raised over $70 million under temporary enhancements to their dividend reinvestment and stock purchase plan.
In November 2008 the company began offering common stock at a ten percent price discount under their dividend reinvestment and stock purchase plan. On June 12th, they announced the discontinuation of this discounted purchase option and other temporary enhancements to this Plan. Nation Penn raised a total of approximately $72.8 million in Tier 1 Capital through the optional cash contribution feature of this Plan since November 2008.
In morning trading, National Penn shares soared over 39%.
OPKO Health (NASDAQ:OPK) announced that it has acquired exclusive, worldwide rights to a new platform technology for the rapid identification of molecules. This technology can be useful in creating vaccines, new drugs and creating new diagnostic tests. The technology was developed at The University of Texas Southwestern Medical Center.
The news appears to be driving the stock higher, with OPKO shares currently up almost 9%.
Nelnet (NYSE:NNI) announced today it has been awarded a contract by the U.S. Department of Education to service federal student loans. Servicing volume will initially be allocated by the Department to servicers awarded a contract; however, performance factors such as customer satisfaction levels and default rates will determine volume allocations over time.
Nelnet shares are up almost 18% in early trading.
And, after finishing yesterday up over 40%, Molecular Insight Pharma (MIPI) shares are up another 19% this morning. The company had announced that its imaging agent Trofex, could possibly find and treat certain prostate cancer and the market is driving the stock higher.
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