Bank firm SoFi Technologies (SOFI) does not seem to give its shareholders a break. After the markets closed yesterday, SoFi said it would issue common stock worth $1.5 billion. SOFI stock lost over 6% in after-hours trade.
Goldman Sachs is the underwriter in the deal. It granted the firm a 30-day option to buy up to 15% more shares. SoFi will use the funds for general corporate purposes. This dilution might set the stock on a longer-term downtrend.
Chemical firm LyondellBasell (LYB) dropped by 6.24% on Thursday to continue its downtrend for 2025. At a Goldman Sachs conference, the company conceded that its plans to preserve the dividend are not guaranteed. Investors should exercise caution in LYB stock. The downtrend will likely continue through next year. The business conditions need to improve before investors regain confidence in its prospects.
Intel (INTC) lost momentum on December 3, dropping by 7.45%. Although Wells Fargo reported a 90% increase in DRAM (memory) billings, Intel shares fell. Memory sales benefit Taiwan Semiconductor (TSM) and Micron Technology (MU). It might hurt Intel and Advanced Micro Devices (AMD).
High memory chip prices weaken demand for CPUs. Customers will likely delay buying computers and servers. They might decide to wait for chip prices to fall before placing their hardware orders.
