Want to join the conversation?
$O priced public offering of 10MM common shares at $46.88 per share and expects the offering to close on Oct. 7. Net proceeds will be about $450MM. $O expects to use the net proceeds to repay borrowings under its $2Bil unsecured revolving credit facility and for other general corporate purposes and working capital, which may include acquisitions.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.