On a secondary Stock Offering by the company. Beyond is on track for its secondworst day ever. Its worst day was back on june 11th, when it went down more than 25 in volatile trade the secondary offer is for 3. 25 million shares 3 million will be sold by current shareholdered while 250,000 will be offered by the company. A regulatory filing chose that Ceo Ethan Brown plans to share more than 38,000 shares which could net him 38. 7 million. Theyll use the proceeds for expanding supply and marketing some believe that could lead to further Short Interest in the stock, because it could cut borrowing rates. But the bulls say the offering could be a positive for the company if the shares end up in sticky hands this as the companys actual results were fairly strong beyond raised its yearly revenue guidance from 210 million to 240 million it attributed its quarterly revenue beat to new partnerships and increased demand from existing customers despite the stock taking a hit, many analysts also
A kind of referendum, whether he likes it or not, on President Trump in a place he smoked the kme competition last time around. But hes had some mixed messages on whether this is really all about him. I dont see it as a bellwether. The 18 election, the big thing is, i was not running. People say, oh, it was a referendum on trump. It wasnt. Im not running. Im not on the ticket, but i am on the ticket, because this is also a referendum about me. Our nbc news team is here following a lot of new developments today and the rest of the days top stories. Let me start with nbcs jeff bennett over on capitol hill. Boy, jeff, i know theres a lot of running around, a lot of running through the hallways this morning on capitol hill. Lets start with what were expecting to hear from Chuck Schumer. Were drinking out of the fire hose of news here on capitol hill. But to your point, Chuck Schumer and senate daemocrats are planning to force a vote to overturn President Trumps declaration of a National Bo