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BMLP - Dorsey Wright MLP Index ETN Due 10 Dec 2036 News Story

$42.6 0.0  0.0%

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6850

BUZZ-Cree rebounds after co completes $500 mln share sale

** Shares of LED and chip maker Cree Inc  CREE.O  up 5.7% at
$123.18 and set to snap 4-sesson losing streak
    ** Co on Fri says completed $500 mln at-the-market (ATM)
equity program, to strengthen its balance sheet and liquidity
position as it grows the Wolfspeed business*:nBw5KcjT1a
    ** On Feb 11 after the bell, CREE filed
 $500 mln ATM to be handled by team of major banks including
Wells Fargo, BMO and BofA
    ** Co had 111 mln shares outstanding for ~$13 bln market cap
through Thurs close, per Refinitiv data
    ** CREE 2nd best Philadelphia chip index  .SOX  performer on
Fri, which is up 2.7%
    ** Applied Materials Inc's stock  AMAT.O  tops the SOX with
~8% gain after chip gear maker's strong report, forecast*:nL4N2KP2PU
    ** With moves on Fri, CREE up ~17% and AMAT up ~42% YTD.
This compares to SOX index's ~16% advance so far this year

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
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