By Phoenix Business Journal staffCarvana Co.’s stock tanked on Wednesday on news that the beleaguered used car retailer’s largest creditors are reportedly banding together to negotiate with the company as bankruptcy risks grow.that a group of funds, with around $4 billion in Tempe-based Carvana’s unsecured debt, including Apollo Global Management Inc. and Pacific Investment Management Co.
This type of agreement can help prevent a company from trying to pit lenders against each other while negotiating terms of the restructuring, the report said. Adding fuel to the selloff that began when the markets opened Wednesday, a Wedbush Securities analyst downgraded the company’s stock to underperform because of the potential risk for bankruptcy,Analyst Seth Basham set a price target of $1 on Carvana shares. That is a far cry from the price of Carvana shares at the beginning of 2022, when the stock traded above $230.
On Wednesday, Carvana shares closed at $3.83, down 43% for the session, having dipped as low as $3.55 earlier in the day. Trading in the shares was extremely heavy as more than 116 million shares changed hands compared to typical daily volume for the stock of 15.5 million shares.
ok...time to review ... purchase target date ... 2023 3rd quarter.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Multifamily construction boosts self-storage industry in Phoenix metro - Phoenix Business JournalMetro Phoenix built the fifth highest number of new apartments during the past decade, adding more than 62,000 new apartments between 2012 and 2021. Here's how the growth of this sector is impacting another real estate segment that is closely aligned to the multifamily market.
แหล่ง: phxbizjournal - 🏆 254. / 63 อ่านเพิ่มเติม »
NCAA and Phoenix organizing committee start prepping for 2024 Final Four - Phoenix Business JournalOfficials from the NCAA, along with Arizona Gov. Doug Ducey and Phoenix Mayor Kate Gallego, unveiled the logo of the 2024 Phoenix Final Four, which will be played in Glendale at State Farm Stadium on April 6 and April 8, 2024.
แหล่ง: phxbizjournal - 🏆 254. / 63 อ่านเพิ่มเติม »
NCAA and Phoenix organizing committee start prepping for 2024 Final Four - Phoenix Business JournalOfficials from the NCAA, along with Arizona Gov. Doug Ducey and Phoenix Mayor Kate Gallego, unveiled the logo of the 2024 Phoenix Final Four, which will be played in Glendale at State Farm Stadium on April 6 and April 8, 2024.
แหล่ง: phxbizjournal - 🏆 254. / 63 อ่านเพิ่มเติม »
Arizona hospitals among US News' best for maternity care - Phoenix Business JournalTwo Arizona hospitals were listed among the best in the nation for maternity care, according to the latest survey from U.S. News & World Report.
แหล่ง: phxbizjournal - 🏆 254. / 63 อ่านเพิ่มเติม »
'American manufacturing is back:' President Biden points to Arizona for manufacturing success - Phoenix Business JournalPresident Joe Biden, Taiwan Semiconductor Manufacturing Co.'s founder Morris Chang and Apple CEO Tim Cook were among the high-profile officials and companies that attended the Asian chipmaker's ceremony in Phoenix where the company unveiled plans to significantly bulk up the project. Spread across multiple factories, the complex could eventually exceed 5 million square feet in size.
แหล่ง: phxbizjournal - 🏆 254. / 63 อ่านเพิ่มเติม »
BMO Wealth Management names Michael Blanton as Arizona office leader - Phoenix Business JournalThe new leader of BMO Wealth Management’s Arizona office worked for the past four years in a similar role at the company's headquarters in Chicago, also the base of operations for BMO Harris Bank NA.
แหล่ง: phxbizjournal - 🏆 254. / 63 อ่านเพิ่มเติม »