XenoPort Falls 6.3% On Offering News(XNPT)

Santa Clara, California based biopharmaceutical company XenoPort, Inc. (XNPT) announced an offering of 4 million shares of its common stock at a price of $7.15 per share. The company also granted the underwriters a 30-day option to purchase up to an aggregate of 600,000 shares. Shares of XenoPort, Inc. XNPT are currently down 6.3% at $7.27 per share during Thursday morning trading. Today's trading range for shares of XenoPort, Inc has been between $7.24 and $7.67 per share. The consensus price target of analysts covering the company's stock is $13.14 per share. Volume of 430.000 shares is already well above the daily average volume of 345,000 shares. Read more from Benzinga's Company news.