Mondee Holdings shares are trading lower after the company announced a 5,250,000 share offering by selling stockholders.
Portfolio Pulse from Benzinga Newsdesk
Mondee Holdings announced a 5,250,000 share offering by selling stockholders, causing its shares to trade lower.
June 07, 2023 | 6:40 pm
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Mondee Holdings' shares are trading lower due to the announcement of a 5,250,000 share offering by selling stockholders.
The announcement of a 5,250,000 share offering by selling stockholders has led to an increase in the supply of Mondee Holdings' shares in the market. This increase in supply has put downward pressure on the share price, causing it to trade lower in the short term.
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IMPORTANCE 80
RELEVANCE 100