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public offering posts

Annaly Drops After Pricing Public Offering

Posted Jan 4th 2011 1:30PM by Brent Archer (RSS feed)
Filed under: Bad News, Options, Technical Analysis, Annaly Capital Management (NLY)

Annaly Capital Management (NLY - option chain) stock is trading lower today after the company priced a public offering of 75.0 million common shares at $17.20 per share. 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 NLY.

This morning, NLY opened at $17.42. So far today the stock has hit a high of $17.45 and a low of $17.31. As of 12:05, NLY is trading at $17.41, down $0.46 (-2.6%). The chart for NLY looks neutral and S&P gives NLY a neutral 3 STARS (out of 5) hold ranking.

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Suntech Power follow-on offering priced

Posted May 26th 2009 11:00AM by Tom Johansmeyer (RSS feed)
Filed under: Suntech Power Hldgs ADS (STP)

Suntech Power Holdings (NYSE: STP) has priced its follow-on public offering at $12.50 per share. The company will be issuing 20 million American Depositary Shares to raise a total of $250 million. The stock is being issued under an existing shelf registration filing.

Underwriters UBS (NYSE: UBS), Goldman Sachs (NYSE: GS) and Deutsche Bank (NYSE: DB) have an option to purchase up to 3 million to cover any over-allotment.

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