What's Going On With Hewlett Packard Stock After-Hours?

Hewlett Packard Enterprise Company (NYSE:HPE) shares are trading lower after Monday's closing bell. The company announced it has commenced a public offering of $1.35 billion (27 million shares) of Series C mandatory convertible preferred stock. 

The Details: Hewlett Packard also expects to grant the underwriters a 30-day option to purchase up to an additional $150 million (3 million shares) of preferred stock to cover over-allotments, if any.

Hewlett Packard ...