Yesterday, shares of Garrett Motion (NASDAQ: GTX) fell 10% after the company announced a big secondary offering. Today, the stock is making back most of what it lost.

Garrett repurchased $65 million of common stock in the quarter, bringing the total for the year up to $174 million. It also refinanced $800 million worth of debt at more favorable rates.

Shares of Garrett Motion (NASDAQ: GTX) popped 12.9% on Thursday after the automotive technology company announced solid fourth-quarter 2023 results and encouraging forward guidance.

Michael Cimini Garrett Motion Inc. T: 973.216.3986 [email protected] Jeff Zilka Edelman T: 847.421.0622 [email protected] Centerbridge Partners: Jeremy Fielding / Anntal Silver ...

Garrett Motion Successfully Completes Chapter 11 Restructuring With New Capital and Strong Balance Sheet Raises $1.3 Billion of New Equity from Centerbridge, Oaktree and Existing Stockholders ...

Garrett Motion is down on news its private equity holders are selling down their stake. Auto component manufacturer Garrett Motion (NASDAQ: GTX) announced a big secondary offering, meaning more ...

Yesterday, shares of Garrett Motion (NASDAQ: GTX) fell 10% after the company announced a big secondary offering. Shares of Garrett Motion are up 9% as of 10:45 a.m. ET, and the stock is now down ...

Yesterday, shares of Garrett Motion (NASDAQ: GTX) fell 10% after the company announced a big secondary offering. Today, the stock is making back most of what it lost. Shares of Garrett Motion are ...

Auto component manufacturer Garrett Motion (NASDAQ: GTX) announced a big secondary offering, meaning more shares on the market. Investors are responding by lowering the value of the shares already ...