On Wednesday, Zillow Group Inc (NASDAQ:Z)’s shares inclined 1.63% to $88.15.
Zillow Group Inc (Z) is presently 3.95 percent, up two points from this time last week. The 30-year fixed mortgage rate fell to 3.82 percent on Friday, then hovered around 3.86 percent before rising to the current rate on Tuesday.
Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes presented daily to anonymous borrowers on the Zillow Mortgages site, and reflect the most recent changes in the market. These are not marketing rates, or a weekly survey.
The rate for a 15-year fixed home loan is presently 3.04 percent, while the rate for a 5-1 adjustable-rate mortgage (ARM) is 2.82 percent.
Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. It offers a portfolio of brands and products to assist people find vital information about homes, and connect with local professionals. The company product portfolio comprises Zillow, a real estate and rental marketplace dedicated to consumers with data, inspiration, and knowledge around the place they call home, and connecting them with the local professionals who can assist; and Trulia, a home shopping marketplace, focused on giving home buyers, sellers, and renters the information they need to make better decisions about where to live.
Sears Holdings Corp (NASDAQ:SHLD)’s shares dropped -0.64% to $26.53.
Sears, a leading integrated retailer, is launching a Connected Solutions flagship store that simplifies the way people shop for their connected home. Located at The Shops at Tanforan in San Bruno, Calif., it features a living room, kitchen, nursery, workout room, garage and outdoor area, so members can experience the benefits of smart technology firsthand. Nationally, Sears is expanding its Connected Solutions assortment to hundreds of stores, offering one of the industry’s largest cross-category selections of smart technology products. Online, members can experience the San Bruno store and shop for an even wider selection of smart products on the new Sears Connected Solutions site.
Sears Holdings Corporation operates as a retailer in the United States. It operates in two segments, Kmart and Sears Domestic. The Kmart segment operates retail stores that offer a range of products, counting consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and in-store pharmacies. It provides merchandise under the Jaclyn Smith, Joe Boxer, and Alphaline labels; Sears brand products, such as Kenmore, Craftsman, and DieHard; and Kenmore-branded products. As of January 31, 2015, this segment operated about 979 Kmart stores located across 49 states, Guam, Puerto Rico, and the U.S. Virgin Islands. The Sears Domestic segment operates stores that provide appliances, consumer electronics/connected solutions, tools, sporting goods, outdoor living, lawn and garden equipment, apparel, footwear, jewelry, and accessories, in addition to automotive services and products, such as tires, batteries, and home fashion products.
Real Goods Solar, Inc. - Class A (NASDAQ:RGSE), ended its Wednesday’s trading session with -15.70% loss, and closed at $1.88.
Real Goods Solar, reached a Securities Purchase Agreement with several institutional and accredited investors. Pursuant to the terms of the Purchase Agreement, the Company will sell to the Institutional Investors an aggregate of $4.2 million of units (each, a “Unit”) of the Company’s Class A common stock, par value $0.0001 per share, (the “Common Stock”), and Series F Warrants (the “Warrants”). On the same day, the Company agreed to sell $800,000 of Units to additional investors. The purchase price for each Unit is $3.65. Each Unit comprises of: (i) one share of Common Stock, and
(ii) a Warrant to purchase 30% of one share of Common Stock.
In the event that an investor, together with certain “attribution parties,” would beneficially own in excess of 9.99% of the number of shares of Common Stock outstanding right away after the closing of the offering as a result of its purchase of Units, the Company will issue to such investor shares of Common Stock in an amount up to such 9.99% cap. The balance of the shares of Common Stock such investor would have received at closing but for the 9.99% cap will be issued and placed into escrow with the Company’s transfer agent following the terms of an escrow agreement and will be delivered to such investor from time to time, offered that at any such time any such investor, together with certain “attribution parties,” would not beneficially own, after such delivery, more than 9.99% of the issued and outstanding shares of Common Stock.
There will be a one-time “reset” adjustment of the number of shares of Common Stock issuable as part of the Units. At the time of closing the Company will deliver into escrow, with the Company’s transfer agent, an estimated number of “reset shares.” On July 10, 2015, the escrow agent will deliver to the investors in the offering additional shares equal to the number of shares a purchaser would have received at closing had the per Unit price at closing been equal to a “reset price” calculated on July 9, 2015, minus the total number of shares purchased and delivered as part of the Units at closing (without regard to whether such shares are delivered to the purchases or held in escrow following the 9.99% cap described above). The reset price will be equal to 85% of the arithmetic average of the three lowest volume weighted average prices of the Common Stock during the period commencing on the date of the Purchase Agreement and ending on July 9, 2015.
Real Goods Solar, Inc. operates as a residential and commercial solar energy engineering, procurement, and construction company in the United States. It operates in three segments: Residential, Sunetric, and Other. The company offers solar energy services, including design, procurement, permitting, build-out, grid connection, financing referrals, and warranty and customer satisfaction. It installs residential solar energy systems up to 15 kilowatts (kW) output; and small commercial solar energy systems up to 200 kW output for various industries, such as retail, manufacturing, service, and municipal services.
At the end of Wednesday’s trade, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)‘s shares dipped -0.58% to $8.50.
JA Solar Holdings Co., Ltd. (ADR) (JASO)’s board intends to form a special committee comprising of independent directors to consider the proposal.
CEO Baofang Jin said he would pay $9.69 per U.S. share for each share he doesn’t presently own, a 20% premium on Thursday’s closing price. The CEO together with his company, Jinglong Group, already own 15% of JA Solar.
JA Solar Holdings Co., Ltd., together with its auxiliaries, designs, develops, manufactures, and sells photovoltaic solar cells and solar power products based on crystalline silicon technologies. The company’s principal products comprise monocrystalline and multicrystalline solar cells and modules. It also provides monocrystalline and multicrystalline silicon wafers; solar product processing services; and engineering, procurement, and construction services to independent power project developers and public utility companies.
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