RenaissanceRe (RNR) shares rose 4.2% in Wednesday afternoon trading after Citigroup upgraded the stock to buy from neutral and raised the price target to $345 from $335.
Trading volume stood at about 421,000 shares, compared with a daily average of over 345,000.
Price: $294.51, Change: $+11.77, Percent Change: +4.16%
Almonty Industries (ASX:AII) closed an oversubscribed private offering of $700 million in 2.25% convertible senior notes due 2031, with an additional $100 million issued via full exercise of the purchasers' option, according to a Wednesday filing with the Australian bourse.Net proceeds from the offering were around $772.7 million after fees and expenses, per the filing.The funds will be used to strengthen the balance sheet and improve financial flexibility, the filing added.The company's shares fell around 5% in recent Wednesday trade.
NIQ Global Intelligence (NIQ) plans to launch its Full View of Beauty Channel in Q4, a unified data platform that tracks beauty product sales across major retail channels.The system will combine NIQ's measurement across grocery, drug, and mass retail with data from Ulta Beauty (ULTA), Sephora, Sally Beauty Holdings (SBH) and other specialty and department store retailers.Ahead of the launch, NIQ will introduce Amazon.com (AMZN) third-party marketplace measurement in Q3, initially covering health and beauty care categories. Key metrics will include volume, share, price, and promotional activity, NIQ said Tuesday in a statement.NIQ said it plans to expand Amazon third-party measurement into additional categories beyond beauty over time.
Super Micro Computer (SMCI) said late Tuesday it is planning $7 billion of equity and equity-linked financing transactions as part of efforts to fund artificial intelligence orders related to its advanced servers.Total of $5 billion of public offerings comprises $1.25 billion of common stock and $3.75 billion of depositary shares. The company will grant the underwriters a 30-day overallotment option to buy additional shares, the company said.The company also launched an at-the-market offering of up to $2 billion, expected to begin no earlier than Q3, according to a statement.Net proceeds will be used to fund $39 billion of AI server orders and for general corporate purposes, the company said.Shares of the company fell over 9% during after-hours.