Nimble Storage’s Lock-Up Period Set To Expire Tomorrow (NYSE:NMBL)
Nimble Storage’s (NYSE:NMBL) lock-up period is set to expire on Wednesday, June 11th. Nimble Storage had issued 8,000,000 shares in its public offering on December 13th, AnalystRatingsNetwork.com reports. The total size of the offering was $168,000,000 based on an initial share price of $21.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Shares of Nimble Storage (NYSE:NMBL) traded down 2.47% on Tuesday, hitting $24.616. The stock had a trading volume of 73,279 shares. Nimble Storage has a 1-year low of $19.17 and a 1-year high of $58.00. The stock’s 50-day moving average is $25.74 and its 200-day moving average is $37.40. The company’s market cap is $1.760 billion.
Nimble Storage, Inc provides its customers with data storage platform. The Company focuses on research and development of its technology platform, developing new products and enhancing its cloud-based management services.
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