The majority shareholder of Stillwater Mining (NYSE:SWC) plans to offer 37 million shares in an offering, potentially eliminating its entire stake in the company. Norimet is also giving underwriters the option to buy an additional 3.8 million shares. Stillwater also said that Norimet expects to sell up to 7.8 million additional shares to UBS Securities or an affiliate, and it will receive any proceeds from either offering.
Shares are lower by nearly 5.5 percent.
Shares of BSD Medical (NASDAQ:BSDM) are lower after the company announced it did not have any new orders as of August 31, the end of its fiscal year, for its hyperthermia devices, which treat cancer with heat. The company did disclose, however, that it has since received orders for seven units worth about $2.4 million in total.
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.
ValueForum has been the most valuable tool I have ever come
Launch related slideshow:
Tuesday 5/21 Insider Buying Report: APA, AIG
Monday 5/20 Insider Buying Report: LPSN, FTEK
Monday 5/20 Insider Buying Report: LMNX, GFF
Daily Wrap: May 21, 2013
Weaker Sales Send BBY Lower
HD Raises Guidance After Strong Q1
Analyst Moves: YHOO, CPB, EV
Analyst Moves: PCLN, MSFT, LMCA
Analyst Moves: CCL, OIS
Tuesday Sector Leaders: Shipping, Education & Training Services
Tuesday Sector Laggards: Music & Electronics Stores, Precious Metals
Monday Sector Leaders: Metals & Mining, Precious Metals
Tuesday's ETF with Unusual Volume: IXN
Tuesday's ETF Movers: KWT, GDXJ
URA, GLDX: Big ETF Outflows
Daily Dividend Report: XRX, DGX, DKS, UVV, AWR
Daily Dividend Report: JPM, ALL, HRL, VAL, JOY
Daily Dividend Report: UMPQ, SJT, CRT, AVIV, SPAN
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013