Penn Virginia GP Holdings (PVG) announced that Penn Virginia Resource, an indirect wholly owned subsidiary of Penn Virginia Corporation (PVA), has priced the underwritten public offering of 10 million common units representing limited partner interests at $18.45 per unit. The selling unitholder has also granted the underwriters a 30-day option to purchase up to 1.5 million additional common units to cover over-allotments, if any.
Shares of Penn Virginia GP are trading down more than 6.25%.
SYNNEX Corporation (NYSE:SNX) posted revenues from continuing operations of $1.94 billion, an increase of 12.5%. Net income from continuing operations for the fiscal first quarter was $23.2 million, or $0.66 per diluted share, exceeding average Wall Street estimates of $0.62.
Despite the report, shares of SYNNEX are down about 5%.
After yesterday's run up in share price for China Cord Blood (CO), today the stock is giving back some of the gains. Shares are currently down about 7.5%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.