Home / Street Sector / The Goodyear Tire & Rubber (NASDAQ:GT) Attracts New Financial Offer with AES (NYSE:AES), Public Service Enterprise (PEG)

The Goodyear Tire & Rubber (NASDAQ:GT) Attracts New Financial Offer with AES (NYSE:AES), Public Service Enterprise (PEG)

The Goodyear Tire & Rubber Company (NASDAQ:GT) [Trend Analysis] retains strong position in active trade, as shares scoring -1.62% to $27.95 in an active trade session, while looking at the shares volume, around 2.3 Million shares have changed hands in this session. The Goodyear Tire & Rubber Company (GT) reported that it has priced its proposing of $900M aggregate principal amount of 10-year senior notes.

The notes will be senior unsecured obligations of firm. They will be proposed to public at a price of 100% of the principal amount and will bear interest at a rate of 5.0% per annum. Goodyear expects the offering to close on May 13, 2016, subject to customary closing conditions. The firm has institutional ownership of 93.80%, while insider ownership included 0.30%. GT attains analyst recommendation of 2.00 with week’s performance of 0.79%. Investors looking further ahead will note that the Price to next year’s EPS is 5.99%.

Shares of The AES Corporation (NYSE:AES) [Trend Analysis] swings enthusiastically in regular trading session, it a loss of -1.14% to close at $11.32. The AES Corporation (AES) announced that it has priced $500 million aggregate principal amount of 6.00% senior notes due 2026 (the “Notes”). AES intends to use the net proceeds from the offering of the Notes to repay or redeem certain of its outstanding debt, including a portion of its outstanding senior unsecured floating rate notes due 2019, and for general corporate purposes. The closing of the offering of the Notes is expected to occur, subject to certain customary conditions, on May 25, 2016. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. An effective shelf registration statement related to the Notes has previously been filed by AES with the Securities and Exchange Commission (the “SEC”). Moving forward to saw long-term intention, the firm has various dividend or yield record, AES has Dividend Yield of {dividend_yield} and experts calculate Return on Investment of 2.70%. The stock is going forward its fifty-two week low with 40.75% and lagging behind from its 52-week high price with -16.08%. AES last month stock price volatility remained 2.23%.

Public Service Enterprise Group Inc. (NYSE:PEG) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 0.26% to 46.37 with around 2.59 Million shares have changed hands in this session. Public Service Electric and Gas Company (PEG) released that it has filed a request with the New Jersey Board of Public Utilities (NJBPU) to extend its successful Solar 4 All program. If approved, the extension will allow PSE&G to invest approximately $275 million to design and construct an additional 100 megawatts-dc (MW-dc) of grid-connected solar capacity on landfills and brownfields in its New Jersey electric service territory by the end of 2021. The stock is going forward its fifty-two week low with 27.17% and lagging behind from its 52-week high price with -2.19%. Likewise, positive performance for the quarter recorded as 9.76% and for the year was 15.09%, while the YTD performance remained at 20.96%. PEG has Average True Range for 14 days of 0.82.

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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