. United said it plans to sell 39.25 million shares, which would be worth a little more than $1 billion at Tuesday's closing price of $27.88. The stock offering represents an additional measure the company is taking to offset the negative impact of the coronavirus, which has wreaked havoc on the travel industry.
— The asset management company's stock dropped 3% in extended trading after the company reported first-quarter financial results. Navient posted net interest income of $132 million in the first quarter, which was lower than the $146 million from the same period a year ago, according to Factset. The company reported adjusted core earnings of 51 cents per share, which is down from earnings of 58 cents per share from the same period a year ago.
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