YY Inc. (NASDAQ:YY) stock identified change of 25.81% away from 52-week low price and recently located move of -39.63% off 52-week high price. It has market worth of $5729.58M. YY stock has been recorded -7.55% away from 50 day moving average and -2.33% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.86% off 20-day moving average.
YY Inc. (NASDAQ:YY) a leading global social media platform, announced the pricing of its previously announced offering (the Notes Offering) of US$425 million in aggregate principal amount of convertible senior notes due 2025 (the 2025 Notes) and US$425 million in aggregate principal amount of convertible senior notes due 2026 (the 2026 Notes, and, together with the 2025 Notes, the Notes). The Company has granted the initial purchasers in the Notes Offering a 13-day option to purchase up to an additional US$75 million in aggregate principal amount of the 2025 Notes and US$75 million in aggregate principal amount of the 2026 Notes. The Company plans to use part of the net proceeds from the Notes Offering to pay the costs of the capped call transactions described below, and use the remainder of the proceeds for (i) global expansion-related initiatives, including infrastructure investment, personnel recruiting, sales and marketing and other efforts aimed at acquiring and servicing global users, (ii) video-based content offering expansion and enrichment, (iii) technology enhancement, and (iv) working capital and other general corporate purposes.
The Notes will bear interest at a rate of 0.75% per year, in the case of the 2025 Notes, and at a rate of 1.375% per year, in the case of the 2026 Notes. Interest on the Notes will accrue from, and including, June 24, 2019 and will be payable semiannually in arrears on June 15 and December 15 of each year, beginning on December 15, 2019. The Notes will be senior, unsecured obligations of YY. The 2025 Notes will mature on June 15, 2025 and the 2026 Notes will mature on June 15, 2026, unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Company may not redeem the Notes prior to maturity, unless certain tax-related events occur. Holders of the Notes may require the Company to repurchase all or part of their Notes in cash on June 15, 2023, in the case of the 2025 Notes, and June 15, 2024, in the case of the 2026 Notes, or in the event of certain fundamental changes.
The Technology sector company, YY Inc. noticed change of -1.60% to $69.89 along volume of 2036431 shares in recent session compared to an average volume of 1085.5K. The stock observed return of -5.23% in 5 days trading activity. The stock was at 4.00% over one month performance. YY’s shares are at -12.24% for the quarter and driving a -38.69% return over the course of the past year and is now at 16.76% since this point in 2018.
The average volatility for the week at 4.05% and for month was at 3.77%. There are 81.98M shares outstanding and 31.08M shares are floated in market. Right now the stock beta is 1.21.
Rocky Gerdes – Category – Business
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