General Motors stock opened 6 percent higher in its initial public offering debut Thursday, vanquishing any fears that the shares had been priced too high. The stock opened at $35 on the New York Stock Exchange, up from its initial public offering price of $33, and traded slightly higher in its first 10 minutes of [...]
The offer price of $53 a share is at a 27 percent premium to American Italian Pasta’s Friday close. Shares of Ralcorp were down 6 percent at $58.86 Monday morning on the New York Stock Exchange. Share of American Italian Pasta were trading up 26 percent at $52.56 on Nasdaq.
NEW YORK – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: Ford Motor Co., up 6 cents at $12.63 The automaker said its U.S. sales jumped almost 40 percent in March, driven by demand for its Fusion and Taurus sedans. Borders Group Inc., up [...]
April 1 (Bloomberg) — Primerica Inc., the insurance business that Sanford I. “Sandy” Weill used to build Citigroup Inc., jumped in its first day of trading after convincing buyers to pay more than the forecast price range for its shares in a $320 million initial public offering.