Vishay's Convertible Notes Spark Market Jitters Vishay Intertechnology Inc. 's stock price has declined by 8. 62% in recent days, sparking concerns about deeper issues within the company.
The trigger for this downturn was the conversion of its 2. 25% convertible senior notes due 2030, which became eligible for redemption on July 5th.
The convertibility threshold was met when Vishay's share price surged by over 130% above the conversion price on at least 20 trading days within a 30 day period. With the stock now trading at $42.