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ShareOffering posts

Boston Properties (BXP) drops on share offering

Posted Jun 5th 2009 2:30PM by Brent Archer (RSS feed)
Filed under: Major Movement, Bad News, Options, Technical Analysis

Boston Properties (NYSE: BXP - option chain) stock is falling today after the company announced an offering of 15 million common shares priced at $50 per share. This action will probably place a ceiling on this stock around $50 for the short-term. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on BXP.

This morning, BXP opened at $50.64. So far today the stock has hit a low of $49.80 and a high of $51.22. As of 12:30, BXP is trading at $50.92, down $2.09 (-3.9%). The chart for BXP looks neutral and S&P gives BXP a neutral 3 STARS (out of 5) hold ranking.

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Put volume spikes as Regions Financial rushes to raise capital

Posted May 20th 2009 11:00AM by Elizabeth Harrow (RSS feed)
Filed under: Regions Financial (RF), Options, Financial Crisis

Regions Financial Corporation (NYSE: RF) started today's trading with a resounding thud after announcing a $1.25 billion stock offering. The regional banking issue said it will offer $1 billion in common shares and $250 million in new convertible preferred shares. The proceeds will address roughly half of the $2.5 billion in capital Regions was instructed to raise by the U.S. Treasury Department following its stress test results.

Despite a negative start to the session, RF has since ticked fractionally higher. The security has shed more than 34% of its value in 2009, and it's currently struggling under the weight of resistance from its 32-week moving average. Since 2007, RF has managed to notch just one weekly close above this steadily descending trendline.

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