ViewRay dims as Sweden's Elekta cashes out

Viewray

22/01/2021 13:05

** ViewRay Inc  VRAY.O  shares down -5% premarket as Elekta
 EKTAb.ST  divests remaining 7.3% stake in the radiation therapy
system maker
    ** Swedish firm says sold 11.5 mln VRAY shares at $4.65
 urn:newsml:reuters.com:*:nPNAKJxr3a
    ** Sources say Piper Sandler bought the shares and
re-offering them in range of $4.75-$4.95, up to 10% discount to
VRAY's Thurs close
    ** Sale comes just weeks after VRAY priced 10.3 mln share
equity offering at $4.85  urn:newsml:reuters.com:*:nL4N2JG205
    ** This latest transaction represents about a week's worth
of trading volumes, and VRAY 50-DMA price is $4.33, per
Refinitiv data
    ** Shares are up 38% to start 2021, and have gained 73% over
the past one year

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own.)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))