VNET (VNET) Slashes 9% on Notes Maturity Extension Concerns

We recently published 10 Losing Stocks in an Otherwise Optimistic Market. VNET Group Inc. (NASDAQ:VNET) was one of the worst performers on Wednesday. VNET Group extended its losing streak to a third straight session on Wednesday, shedding 9.38 percent to close at $12.46 apiece as investor sentiment was dampened by its initiative to push back the maturity date of its $250 million convertible senior notes for another seven months. In a regulatory filing, VNET Group Inc. (NASDAQ:VNET) said that it entered ...