Molycorp (NYSE:MCP) announced the pricing of 45 million shares of its common stock, or up to 51.75 million shares if the underwriters exercise their option to purchase additional shares, at a price per share of $5.00 per share. Shares are currently trading at $5.24/share, down about 6.1% on the day.
Goodrich Petroleum Corporation (NYSE:GDP) priced its public offering of 6 million shares at $25.25 per share. The Company granted the underwriters a 30-day option to purchase up to an additional 900,000 shares to cover over-allotments. GDP shares are up 6.9% so far today, at $28 per share.
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.