Sector Update: Financial Stocks Advance Premarket Wednesday

MT Newswires Live12-18

Financial stocks were advancing premarket Wednesday, with The Financial Select Sector SPDR Fund (XLF) 0.1% higher.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.

Norwood Financial (NWFL) shares were down more than 11% after the company said overnight it priced a public offering of 1 million common shares at $26 apiece for gross proceeds of $26 million.

HBT Financial (HBT) said its board approved an up to $15 million share buyback plan, to take effect after its current plan expires Jan. 1. HBT Financial shares were down more than 1% premarket.

KKR's (KKR) bid to acquire and take private Fuji Soft is being challenged by a hostile takeover bid by Bain Capital, according to a presentation dated Tuesday and Wednesday by Bain. KKR shares were over 1% higher pre-bell.

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