Guardant Health Shares Move Lower On $350M Public Offering: The Details
Portfolio Pulse from Adam Eckert
Guardant Health Inc (NASDAQ:GH) shares are trading lower after announcing a $350 million public offering of 12.5 million shares at $28 per share. The offering is expected to close on May 25, with the company anticipating $350 million in gross proceeds.
May 23, 2023 | 1:18 pm
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Guardant Health's stock price is trading lower after announcing a $350 million public offering of 12.5 million shares at $28 per share.
Guardant Health's announcement of a $350 million public offering has led to a decline in its stock price. The offering dilutes the value of existing shares, which can lead to a decrease in the stock price as investors adjust their positions.
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