“PENG should recover sharply at the open. The $650M convertible deal was feared as massive dilution, but the math shows it resets a deeply in-the-money overhang to a higher strike with net-new dilution of just 0-1%.”
“Peng erasing all downside this market open”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.