Stocks Falling After Equity Offering (AMSC, CLNE, WPI)

American Superconductor Corporation (NASDAQ:AMSC) dropped 4.36% to $35.30. The Company announced that its public offering of 4.6 million shares of its common stock has priced at $35.50 per share. AMSC has granted the underwriters a 30-day option to purchase up to an additional 690,000 shares of common stock to cover over-allotments, if any. The stock went down more than 13% year-to-date. Volumes are massive as already 2.19 million shares are traded- more than 2X its average daily volume. Clean Energy Fuels Corp. (NASDAQ:CLNE) went down 1.82% to $14.23. The company announced the pricing of its public offering of 3,000,000 shares of its common stock at a price of $13.25 per share. Of the shares, an aggregate of 50,068 shares were purchased by certain Clean Energy executive officers at a price of $14.48 per share (the consolidated closing bid price of Clean Energy's common stock on the NASDAQ Global Market on November 10, 2010). The 52-week range of the stock is $11.30-$23.70. The stock went down more than 7% year-to-date. Watson Pharmaceuticals, Inc. (NYSE:WPI) lost 3.34% to $49.75. The company announced the underwritten public offering of 10,537,755 shares of its common stock held by Quiver Inc. has priced at $49.75 per share. The stock went up more than 25% year-to-date.
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