🟢 NN jumps 5.1% as Q2 earnings are reported and $124M preferred stock refinancing deal is announced

NN is trading at $4.09, up 5.1% in after-hours, driven by its Q2 earnings release and a significant $124 million preferred stock refinancing deal. - The company announced a three-part transaction to restructure its preferred stock, including paying off $70 million and exchanging $19 million for common stock. - The stock has rallied from $3.08 on July 29 to $3.90 at the August 5 close, with today's news providing further momentum.