Bandwidth shares jump, BAND nears note trigger ahead of Q2 report
Bandwidth Inc. climbed over 12% on Tuesday, easily outpacing the broader U.S. indexes, which traded lower. That move also brought fresh focus to the stock’s spot near the conversion price for a hefty convertible note offering from June. Bandwidth was last seen at $68.09, up $7.42. Volume reached 1.14 million shares. The stock hit $68.97 at its session high, staying about 5% under the $72.64 initial conversion price for the 0% notes due 2032.