Jacksonville-based railroad company's stock falls to its lowest levels in more than two months.
Jacksonville-based Dream Finders Homes Inc. completed its IPO on Jan. 25, selling 11.04 million shares of Class A common stock at $13 each.
The final total included 1.44 million shares purchased by its underwriters.
Dream Finders received net proceeds after expenses of $133.5 million from its IPO, according to a Securities and Exchange Commission filing.
Dream Finders' stock jumped higher on its first day of trading Jan. 21 and has traded as high as $26 since the IPO.
CSX drops after earnings report
CSX Corp. reported year-end earnings in line with expectations and its officials expressed optimism about better days in 2021.
But the Jacksonville-based railroad company's stock dropped to its lowest levels in more than two months Jan. 22 after the earnings report.
“The company continues to execute well with above-average growth in a challenging labor environment,” Stifel analyst David Ross said in a research note as he lowered his rating on the stock from “buy” to “hold.”
“Were it not for the COVID-related issues leading to temporary staffing shortages, we believe service, volume, and margins could've been even higher in 4Q20. Even so, we're lowering our rating to Hold due to valuation,” he said.
CSX reached a record high of $97.54 on Jan. 11. The stock fell $3.97 to $87.64 on Jan. 22 after the earnings report.
ComSovereign lists on Nasdaq
ComSovereign Holding Corp. last week began trading on the Nasdaq Capital Market, an upgrade from its previous listing on the OTCQB market.
The Dallas-based holding company for a group of communications technology businesses was formed in late 2019 by the merger of ComSovereign Corp. and Jacksonville-based Drone Aviation Holding Corp.
The company's new listing coincided with a secondary sale of 3.855 units, consisting of one share of stock and one warrant to buy stock, for $4.15 each.
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