NN Shares Climb on $50M Private Investment and Strong Q3 Sales
NN shares rose approximately 9.8% to $3.99 after the company announced it would raise around $50 million through a private investment in public equity financing. The company also reported strong third-quarter sales growth.
Shares of NN rose after the company said it had agreed to raise around $50 million through a private investment in public equity financing and described its third-quarter sales growth as strong. 99 in Friday morning trading. It has more than tripled in value in this year.