Stock Market Alert - VNDA Up on Offering

Posted on Monday 22 January 2007



Stock Market Alert - VNDA had a strong day on Friday, trading up over 10% to close the regular session at $30.10 after the company priced its 3.8 million share offering at $27.29 per share. Proceeds from the sale are expected to total $96.2 million dollars for the company after taking out expenses. Volume was heavy on the session, with over 3.8 million shares of the stock changing hands, compared to a normal daily average volume of just over 724k shares traded. As of the close of trading on Friday, VNDA had a market cap of just under $660 million dollars.



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