Guardant Health shares are trading lower after the company announced pricing of an upsized public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Guardant Health announced the pricing of an upsized public offering of common stock, causing its shares to trade lower.
May 23, 2023 | 12:13 pm
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Guardant Health's stock price is trading lower due to the announcement of an upsized public offering of common stock.
The announcement of an upsized public offering of common stock typically leads to a dilution of existing shares, causing the stock price to trade lower. This is the case for Guardant Health, as the news directly impacts the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100