- After opening nearly 4% lower on the heels of a sizable secondary offering announced last night, Springleaf Financial (LEAF +0.1%) has turned positive on the session. The secondary had to have been expected as the company needs cash to help pay for its OneMain Financial purchase.
- Macquarie picks today to head to the cashier's cage on its Outperform call on the stock, citing a lack of near-term catalysts as focus moves from the excitement of the OneMain acquisition to the nuts and bolts of executing.
- Previously: Springleaf down 2% on secondary offering (April 27)