Aramark shares are trading lower after the company announced pricing of a secondary offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Aramark has announced the pricing of a secondary offering of its common stock, leading to a decrease in its share price.
August 10, 2023 | 12:35 pm
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NEGATIVE IMPACT
Aramark's share price is expected to be negatively impacted in the short term due to the announcement of a secondary offering of its common stock.
Secondary offerings often lead to a decrease in share price as they dilute the value of existing shares. As Aramark has announced a secondary offering, it is expected that its share price will be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100