Orlando, FL -- (SBWIRE) -- 10/17/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On SolarCity Corp (NASDAQ:SCTY), Groupon Inc (NASDAQ:GRPN).
SolarCity Corp (NASDAQ:SCTY) shares jumped 12.55% to $52.38. The company on Oct. 16 announced the pricing of offerings of 3,400,000 shares of common stock at a price of $46.54 per share and $200.0 million aggregate principal amount of its 2.75% convertible senior notes due 2018 in concurrent underwritten registered public offerings. In addition, SolarCity has granted the underwriters a 30-day option to purchase up to an additional 510,000 shares of common stock and $30.0 million in aggregate principal amount of the notes. The sale of the shares of common stock and the notes are expected to close on October 21, 2013, subject to the satisfaction of customary closing conditions. The offering of the common stock is contingent upon the successful completion of the offering of the notes, and the offering of the notes is contingent upon the successful completion of the offering of the common stock.
Are investors worried about the recent updates with SCTY? Find out with a free trend analysis HERE
Groupon Inc (NASDAQ:GRPN) stock gained 2.37% to $11.44. The company on Oct. 10 announced three key engineering hires reporting to Sri Viswanath, Senior Vice President of Engineering and Operations. Brian McCallister joins Groupon as CTO of Platform. McCallister comes to Groupon from Ning, where he was Principal Architect and Distinguished Engineer. At Ning, he also worked in other key architecture roles while managing technical direction and communication across the organization. McCallister was active with the Apache Software Foundation, serving on the Board of Directors and as PMC Chair for the DB and ActiveMQ projects.
Additionally, the company announced that it intends to hold a conference call to discuss its third quarter 2013 financial results on Thursday, November 7, 2013, at 5:00pm EST.
Is GRPN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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