Cobalt International Energy, Inc. (NYSE:CIE) is plunging -4.55% after the company announced the pricing of a registered underwritten public offering of $1,150,000,000 aggregate principal amount of its 3.125% convertible senior notes due 2024 (the “Notes”). Cobalt has granted the underwriters of this offering the right to purchase, for a period beginning on the date hereof and ending on the date that is 12 days after the original issue date, up to an additional $150,000,000 aggregate principal amount of the Notes on the same terms and conditions to solely cover over-allotments, if any. Cobalt International Energy, Inc. (NYSE:CIE) weekly performance is -10.28%. On last trading day company shares ended up $17.37. Analysts mean target price for the company is $28.56. Cobalt International Energy, Inc. (NYSE:CIE) distance from 50-day simple moving average (SMA50) is -4.86%.
Radian Group Inc. (NYSE:RDN) announced today that the underwriters of its recently announced public offering of common stock have exercised in full their option to purchase an additional 2,325,000 shares of common stock from Radian Group at the public offering price of $14.50 per share, less underwriting discounts and commissions. As a result, Radian Group expects to issue a total of 17,825,000 shares of common stock in the offering. Goldman, Sachs & Co. acted as book-running manager for the offering, and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, Inc., and Macquarie Capital (USA) Inc. acted as co-managers. Radian Group Inc (NYSE:RDN) shares fell -0.74% in last trading session and ended the day on $14.72. RDN its return on assets is -3.30%. Radian Group Inc (NYSE:RDN) quarterly performance is -3.16%.
DST Systems, Inc. (NYSE:DST) announced today the pricing of the previously announced underwritten secondary offering by the Argyros Family Trust and certain of its affiliates (the “Argyros Group”) of 5,357,200 shares of DST Systems’ common stock at a price of $84.00 per share pursuant to DST Systems’ shelf registration statement filed with the Securities and Exchange Commission (“SEC”). The Argyros Group will receive all of the proceeds from this offering. No shares of common stock are being sold by DST Systems. DST Systems’ obligation to consummate its previously announced repurchase of common stock from the Argyros Group at a price of $82.32 per share is conditioned on the completion of this secondary offering. DST Systems, Inc. (NYSE:DST) shares moved down -4.73% in last trading session and was closed at $85.59, while trading in range of $85.38 – $89.58 -. DST Systems, Inc. (NYSE:DST) year to date (YTD) performance is -5.37%.
Global education leader Houghton Mifflin Harcourt Company (NASDAQ:HMHC) announced its financial results for the first quarter ended March 31, 2014. Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) ended the last trading day at $18.32. Company weekly volatility is calculated as 4.68% and price to cash ratio as 6.03. Houghton Mifflin Harcourt Co. (NASDAQ:HMHC) showed a negative weekly performance of -8.35%.