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Stock Alert: Vaxart Shares Hit New 52-Week High

Shares of Vaxart Inc. (VXRT) rallied over 34% to hit a new 52-week high of $16.40 Tuesday morning. The stock has been trading in the range of $0.25 - $16.40 for the past one year, and is currently trading at $14.83, up $2.71 or 22.35% in regular trading session.

July 13, the company said it raised gross proceeds of about $90 million through its At-the-Market or ATM facility with participation based on interest received from RA Capital Management and Invus. The company sold about 11.2 million shares at $7.98 per share, the market price at the time of sale. SVB Leerink is acting as lead sales agent and B. Riley FBR is acting as co-sales agent for the ATM facility.

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