NNBR Stock Moves Before Open After 2 Million-Share Vote — What Traders Are Watching
NN Inc shares were quoted at $2.42 before the Nasdaq open on Friday, up about 2.5% over the past 24 hours, giving the small-cap industrial parts maker a firmer tone before regular trading began. The fresh item was shareholder approval, at NN’s May 20 annual meeting, of a 2 million-share increase to its amended 2022 equity incentive plan, a plan used for stock-based pay awards. For a company with 50,190,124 shares entitled to vote as of the March 23 record date and a market value near $127 million, the issue is potential dilution — a smaller ownership slice for current holders if more shares are later issued.