HighPeak Energy Stock Is Getting Drilled: What's Going On?
Portfolio Pulse from Adam Eckert
HighPeak Energy Inc (NASDAQ:HPK) announced a public offering of its common stock, intending to use the net proceeds for working capital and to enhance its near-term liquidity position. The pricing and size of the offering have not been announced. Following the announcement, HighPeak shares were down 12.2% after hours at $11.30.
July 18, 2023 | 8:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
HighPeak Energy's stock price dropped 12.2% after hours following the announcement of a public offering of its common stock.
The announcement of a public offering often leads to a decrease in the stock price as it dilutes the value of existing shares. In this case, HighPeak Energy's stock price dropped 12.2% after hours following the announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100