Simply Wall St.58d agobearish
PBF Energy Balances New US$500m Debt With Heavy Insider SellingPBF Energy (NYSE:PBF) has completed a $500 million fixed income offering, adding new debt capital to its balance sheet. A 10% owner has executed repeated large insider share sales across May and June. PBF Energy enters this news cycle with its stock at $42.5 and a 5 year return of 179.1%. The shares are also up 49.0% year to date and 131.4% over the past year, with shorter term gains of 1.6% over the past week and 4.4% over the past month. That backdrop gives context as investors weigh...
