SCHN Breaks Above 3% Yield Territory Friday, April 12, 3:22 PM ET, by Market News Video Staff In trading on Friday, shares of Schnitzer Steel Industries, Inc. (SCHN) were yielding above the ...
SWC Crosses Below Key Moving Average Level Monday, April 15, 12:30 PM ET, by Market News Video Staff In trading on Monday, shares of Stillwater Mining Co. (SWC) crossed below their 200 day ...
SWC Crosses Critical Technical Indicator Monday, April 15, 12:53 PM ET, by Market News Video Staff In trading on Monday, shares of Stillwater Mining Co. (SWC) entered into oversold territory, changing ...
Century Aluminum Co. Stock Getting Very Oversold Monday, April 15, 1:04 PM ET, by Market News Video Staff In trading on Monday, shares of Century Aluminum Co. (CENX) entered into oversold territory, changing ...
By Market News Video Staff, Monday, November 29, 11:33 AM ET
Stillwater Mining Company (NYSE:SWC) shares are falling today after it announced a secondary offering a total of nearly 45 million shares of common stock by majority shareholder Norimet Limited.
If the offering is successful, Norimet’s ownership of Stillwater will be less than 10%, or reduced to zero if the underwriters purchase additional shares to cover over-allotments.
Stillwater is the only U.S. producer of palladium and platinum.
Shares are trading down 6% Monday.
Stillwater is among the top ten holdings in the SPDR S&P Metals & Mining ETF (AMEX:XME), at 4.31% of the portfolio.
Top stock Massey Energy (MEE) us 5.23% of the fund, followed by Hecla Mining (NYSE:HL), at 5.09%, Walter Energy (NYSE:WLT), at 4.64%, and Patriot Coal (PCX), at 4.62%.
This Article's Word Cloud:AMEXCoalEnergyHeclaLimitedMasseyMetalsMiningMondayNYSENorimetPatriotSPDRSharesStillwaterWalteradditionalafterallotmentsamongannouncedcommondownfallingfollowedfundholdingslessmajoritymillionnearlyofferingonlyoverownershippalladiumplatinumproducerpurchasereducedsecondaryshareholdersharesstockthantodaytradingunderwriterswillzero
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