Westport Innovations (WPRT) Lower After Equity Offering, Traders Eye
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Traders are eyeing momentum stock Westport Innovations Inc (Nasdaq: WPRT) this morning, which is down 3.5 percent after pricing an equity offering.
The company priced 5,500,000 common shares at a price of US$43.25 per share. Some are calling the pricing solid in light of the huge yearly run-up. Shares last traded at $44.10.
Westport has been a hot play on the uptake of natural gas engines.
The company priced 5,500,000 common shares at a price of US$43.25 per share. Some are calling the pricing solid in light of the huge yearly run-up. Shares last traded at $44.10.
Westport has been a hot play on the uptake of natural gas engines.
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