GATX Corp
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Industrials : Trading Companies & Distributors | Small Cap Blend
Company profile

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through three business segments: Rail North America, Rail International and Portfolio Management. It approximately owns a fleet of 147,000 railcars. It offers customers leasing, maintenance, asset, financial, and management expertise. It leases tank cars, freight cars, and locomotives in North America, tank cars and freight cars in Europe and freight cars in India and Russia. The Company's rail customers primarily operate in the petroleum, chemical, food/agriculture and transportation industries. Its railcar fleet consists of diverse railcar types that its customers use to ship more than 600 different commodities.

Price
Delayed
$92.62
Day's Change
0.36 (0.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
92.62
Day's Low
91.73
Volume
(Light)

Today's volume of 2,525 shares is on pace to be much lighter than GATX's 10-day average volume of 163,752 shares.

2,525

Li Auto's stock bounces after $750 million in convertible notes prices

6:40 am ET April 8, 2021 (MarketWatch)
Print

Shares of Li Auto Inc. (LI) bounced 2.3% in premarket trading Thursday, after the China-based elective vehicle maker said the $750 million in convertible note offering has priced, with an initial conversion rate that implies a 27.5% premium. The company said the notes, which will mature on May 1, 2028, will bear interest at a rate of 0.25%, payable semiannually, starting Nov. 1, 2020. The note holders may convert their notes at any time after Nov. 1, 2027 to cash, American depositary shares (ADS) or a combination of both. The initial conversion rate of the notes is 35.2818 ADS per $1,000 principal amount of the notes, which implies a stock price of $28.34, or 27.5% above Wednesday's closing price of $22.23. The stock had tumbled 12.9% on Wednesday after the company announced plans to offer the convertible notes (http://www.marketwatch.com/story/li-auto-shares-down-4-after-debt-issuance-news-2021-04-06). The stock has tumbled 35.2% over the past three months. In comparison, shares of rival China-based EV maker Nio Inc. (NIO) had slumped 36.7% over the past three months, while the iShares MSCI China ETF (MCHI) has lost 4.6% and the S&P 500 has gained 6.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 08, 2021 06:40 ET (10:40 GMT)

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