|Bid||55.05 x 0|
|Ask||55.15 x 0|
|Day's range||53.40 - 64.60|
|52-week range||1.44 - 204.14|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
British luxury car maker Aston Martin <AML.L> is testing investor appetite for risky assets days before the U.S. election with a 840-million-pound ($1.1 billion) junk bond sale, one of the largest deals of its kind in Europe this year. The company is looking to sell dollar and sterling bonds to help redeem existing senior secured debt, repay a government-guaranteed loan and put cash on the balance sheet, according to an investor announcement seen by Reuters. The sale started today and the book will be closed on Friday, when Aston Martin will announce the final price.
This is why I don't dive in to buying or selling until I know the news that lies behind a candidate stock’s morning price gap. The post What drove Aston Martin’s morning share price gap? appeared first on The Motley Fool UK.
Shares in the company jumped as much as 12.8% after it said late on Tuesday that Daimler's Mercedes-Benz would lift its stake in the British carmaker to up to 20% by 2023. Mercedes will not put up any cash but will be given the shares in exchange for expanding an existing supply agreement, allowing Aston Martin to access key Mercedes technology, including hybrid and electric drive systems. The German carmaker, which already had a 2.6% holding in Aston Martin, said the deepened partnership would result in further sales of its components and systems, as well as the potential upside of any increase in the value of the stake.