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$SO said it priced its underwritten public offering of 32.5MM common shares for gross proceeds of about $1.6Bil. The net proceeds will be used to fund portion of purchase price for 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include investment by it in its subsidiaries, including Southern Power.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.