Market Pulse Archives

Dec. 6, 2019, 10:37 a.m. EST

Plug Power gains on heavy volume after stock offering prices, to snap 5-day losing streak

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Plug Power Inc. (PLUG)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Plug Power Inc. /zigman2/quotes/205453512/composite PLUG +8.47% bounced 1.3% in very active trading Friday, putting them on track to snap a five-day losing streak, after the fuel cell technology company announced the pricing of its public stock offering. Trading volume swelled to over 17.3 million shares, already well above the full-day average of about 9.9 million shares. The stock had plunged 23% over the past five sessions, highlighted by the 11% tumble on Tuesday after the company announced the public offering of 40 million shares of its common stock. The losing streak followed a 5-year closing high of $4.00 on Nov. 27. Late Thursday, the company said that offering priced at $2.75 a share, for the company to raise $110 million. Plug's stock has run up 39% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.11% has gained 5.6%.

/zigman2/quotes/205453512/composite
US : U.S.: Nasdaq
$ 11.53
+0.90 +8.47%
Volume: 11.33M
Aug. 13, 2020 10:34a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.89 billion
Rev. per Employee
$254,937
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,384.19
+3.84 +0.11%
Volume: 472.84M
Aug. 13, 2020 10:34a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.