In addition to the fresh issue, the IPO will also involve an offer-for-sale of 6.38 crore shares by existing shareholders, according to the updated draft red herring prospectus.
As I went thru the rounds, there was one chart that looked like it was giving away the next move. Perhaps I should’ve done a Saturday update but I’m thick in it for preparing my presentation at the Money Masters Symposium.
Ceasefire expiry eve; S&P −0.6%; Trump extended it after close. UNH +7%: MCR 83.9% −90 bps, turnaround confirmed, guide raised to $18.25. GE orders +87%, EPS beat 16%—but no guide raise on Iran; stock −5%. SKORE: GE 7.8 · UNH 7.5.
US seized Iranian vessel; oil +5.5%; Nasdaq 13-day streak snapped. STLD record shipments, op. income +73%, Q2 guide $3.86; ZION EPS beat, credit 0.03%, NII guide +7–8%; AGNC spread beat but book −5.6% (already +6% in Apr). SKORE: ZION 7.1 · STLD 7.3 · AGNC 5.8
NextEra Energy, Inc. (NYSE:NEE – Get Free Report) shares fell 1.4% on Tuesday . The stock traded as low as $90.56 and last traded at $90.7090. 8,515,929 shares were traded during mid-day trading, a decline of 11% from the average session volume of 9,528,831
