MicroVision, Inc Shares Dipped in After Hours Trading and Star Bulk Carriers Corp Has a Secondary Public Offering
MicroVision is a company that develops laser scanning technology for projection, 3D sensing, and image capture. The company licenses its products primarily to original equipment manufacturers (OEMs) such as STMicroelectronics.
MicroVision, Inc. reported a $140 million at-the-market equity offering. MicroVision shares dipped 11.8% to $17.25 in the after-hours trading session. An at-the-market (ATM) offering is a type of follow-on offering of stock utilized by publicly traded companies to raise capital over time. In an ATM offering, exchange-listed companies incrementally sell newly issued shares into the secondary trading market through a designated broker-dealer at prevailing market prices
Star Bulk Carriers Corp.
Star Bulk Carriers Corp is a Greece-based shipping company. It owns and operates a fleet of dry bulk carrier vessels. The Company’s vessels transport major bulks, which include iron ore, coal, and grain, and minor bulks, which include bauxite, fertilizers, and steel products.
The company reported a secondary public offering of 2.382 million common shares. Star Bulk Carriers shares dropped 4.7% to $21.45 in after-hours trading. Some investors have seen this dip as an opportunity to scoop up some shares.
The company has risen greatly since October of 2020 and has an Earnings Date for Aug 05, 2021, and a Forward Dividend & Yield of 1.20 (5.42%).
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.