Synergy Pharmaceuticals Inc. (SGYP) announced after the close Tuesday that it intends to sell $125 million of its common stock in an underwritten public offering. The stock is now down 0.81 on 3.9 million shares.
Synergy Pharmaceuticals climbed during the first hour of trade Tuesday and advanced further in the early afternoon. Shares finished up by 0.53 at $7.07 on above average volume. The stock rose above a 1-month trading range and set a new high for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.