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PPL (PPL) -2.5% after announcing concurrent offerings of 80M shares of its common stock and...

PPL (PPL) -2.5% after announcing concurrent offerings of 80M shares of its common stock and $750M of equity units.
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Comments (1)
  • Delojozafado
    , contributor
    Comments (551) | Send Message
     
    What gives? A bunch of share offerings causing dilution and the stock responds by moving up near 2.5% on a market day 4/12, when the over all markets are getting a near 1% haircut? The equity units being marketed in Great Britain is perceived to some how reduce dilution? There is some positive news pending that insiders and hedge funds are trading on? Very strange trading day for PPL.
    12 Apr 2011, 12:51 PM Reply Like
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