Shares of Seres Therapeutics more than doubled in the firm’s Wall Street debut. The drug maker, which specializes in using bacteria to treat infections, priced shares at $18 a piece, which was above estimates. The stock closed at $49.36, a gain on 174 percent.
Finish Line also rose on strong results. The sports apparel retailer posting earnings and revenue that topped consensus. This as its merchandise assortment improved and promotional activity eased. Shares popped 4.5 percent to $28.22.
Honda restated its financial results for the business year after booking expanded airbag recall costs. The new numbers are down 19 percent from the year before. This as its top air bag supplier, Takata, is at the center of a recall of millions of vehicles its because airbags can violently explode. The stock was up a fraction to $32.86.
Microsoft’s chief Satya Nadella outlining some straight forward goals today. In an internal memo, obtained by GeekWire, he said employee’s of the tech giant should empower every person and every organization on the planet to achieve more. Specifically he wants to impact productivity and improve the company’s cloud platform. Shares were off slightly to $45.26.