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Los Angelas, CA -- (SBWIRE) -- 10/11/2012 -- Stillwater Mining Co. (NYSE: SWC, $11.32, -$0.80, -6.62%) disclosed an offering of $300 million of convertible senior notes due 2032. The notes will pay interest semi-annually and will be convertible, under certain circumstances and during certain periods, into cash, shares of the mining company's common stock or a combination of the two, at the company's election, based on a conversion rate to be determined. Stillwater plans to use the proceeds to repay amounts that may come due under some of its outstanding debentures and for general corporate purposes. Stillwater had about 116 million shares outstanding as of Aug. 6.Shares of Stillwater Mining (NYSE: SWC) took a hit as well, falling 7.01 percent to $11.27 after the company announced a $300 million offering of senior notes after the market opening Thursday.
Can SWC Continue To Move Higher? Find Out Here
Higher One Holdings Inc. (NYSE:ONE, $11.99, -$0.90, -6.98%) received a downgrade from Piper Jaffray to underweight from overweight amid what the firm said are challenging enrollment trends that have persisted into the autumn semester, putting the higher-education electronic-payment and disbursement-services provider's 2012 guidance and 2013 outlook at risk. Piper Jaffray also cut its price target on Higher One shares to $11 from $16. Shares of Higher One Holding (NYSE: ONE) are trading at $11.915 and is -7.32% of its 50-day Moving Average price of $12.8557 and -8.73% from its 200-day Moving Average price of $13.0541. The average trading volume is 315169 shares and its market capitalization is $651.2M.
Should A Trader Buy Or Sell ONE Now? CHECK HERE
VOXX International Corporation (NASDAQ:VOXX) is down 5.84% today at $6.8550. VOXX has traded 243 thousand shares so far today, well above its daily average of 130 thousand shares. VOXX shares are down today after reporting disappointing second quarter results. The company has a market cap of 160.39 million.VOXX was among the day’s decliners, falling 6.46% to $6.81. On Wednesday, the company cut its fiscal 2013 earnings outlook, citing a poor performance in Europe.VOXX International Corporationfiscal second-quarter profit rose 8.2% as the audio-equipment maker saw electronics sales grow, helped by an acquisition. But the company warned it expected softer spending and foreign-exchange costs to continue to weigh on results.
Can VOXX Find The Top further? Click Here
KIT digital, Inc. (NASDAQ:KITD) has fallen 9.75% so far today at $2.13. KITD has traded 988 thousand shares in late morning trading, about double its normal volume. KITD shares have dropped $0.80 a share over the past week. The company has a market cap of 125.04 million.KIT digital, Inc. (NasdaqNM:KITD) is -0.28 - -11.86% from the previous close of $2.36. It traded between $1.94 - 2.44 with total traded volume of 1307553 shares. Keep a close eye on KITD, as the stock has been showing unusual moves over the past weeks. At Current market price, KITD has recovered -8.77% from its 52-week Low of 2.28 and has Pulled back -83.56% from its 52-week high of 12.65.
Can KITD Recover? Find Out Here
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