James River Group reports $103 5m loss royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
Shares of Stealth BioTherapeutics Corp (NASDAQ: MITO) got a boost, shooting 33% to $1.5950. Stealth BioTherapeutics presented at the Association for Research in Vision and Ophthalmology meeting with positive data from a post hoc analysis of the Phase 1 ReCLAIM study evaluating elamipretide in patients with non-central geographic atrophy and high risk drusen associated with dry age-related macular degeneration.
Avid Technology, Inc. (NASDAQ: AVID) shares were also up, gaining 21% to $26.28 after the company reported better-than-expected Q1 results and raised FY21 guidance.
Equities Trading DOWN
James River Group Holdings, Ltd. (NASDAQ: JRVR) shares tumbled 30% to $32.34 after the company swung to a loss in the first quarter. The company also priced its 5.65 million share common stock offering at $31 per share.
Shares of Stealth BioTherapeutics Corp (NASDAQ: MITO) got a boost, shooting 46% to $1.75. Stealth BioTherapeutics presented at the Association for Research in Vision and Ophthalmology meeting with positive data from a post hoc analysis of the Phase 1 ReCLAIM study evaluating elamipretide in patients with non-central geographic atrophy and high risk drusen associated with dry age-related macular degeneration.
Avid Technology, Inc. (NASDAQ: AVID) shares were also up, gaining 21% to $26.29 after the company reported better-than-expected Q1 results and raised FY21 guidance.
Equities Trading DOWN
James River Group Holdings, Ltd. (NASDAQ: JRVR) shares tumbled 31% to $31.88 after the company swung to a loss in the first quarter. The company also priced its 5.65 million share common stock offering at $31 per share.
Operator
Welcome to the James River Group Q1 2021 Earnings Call. My name is John, and I ll your operator for today s call. [Operator Instructions]
And I will now turn the call over to Sarah Doran, Chief Financial Officer. Sarah, you may begin.
Sarah Casey Doran
Chief Financial Officer
Thank you, John. Good morning, everyone, and welcome to the James River Group First Quarter 2021 Earnings Conference Call. During the call, we will be making forward-looking statements. These statements are based on current beliefs, intentions, expectations and assumptions that are subject to various risks and uncertainties, which may cause actual results to differ materially. For a discussion of such risks and uncertainties, please see the cautionary language regarding forward-looking statements in the earnings release and Risk Factors section of our most recent Form 10-K, Form 10-Qs and other reports and filings we made with the Securities and Exchange Commission. We do not undertake any duty