NNBR Stock Moves Before Open After 2 Million-Share Vote — What Traders Are Watching
NN Inc shareholders approved a 2 million-share increase to its equity incentive plan at the May 20 annual meeting, raising potential dilution concerns. Shares traded at $2.42 premarket Friday, up 2.5% in 24 hours, ahead of the Memorial Day market closure. First-quarter sales rose 12.1% to $118.5 million, but the company posted a $6.8 million net loss and reported $170.4 million in total debt.