Shares of SWS Group Inc. SWS are plunging this morning, down 80 cents to $4.01, a loss of 16.6% on news that the company will offer $95 million worth of convertible bonds.
The company, which is based in Dallas, TX, will use the funds for general corporate purposes, as well as to shore up its balance sheet.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in