EMCORE shares are trading lower after the company announced a proposed public offering.
Portfolio Pulse from Benzinga Newsdesk
EMCORE Corporation has announced a proposed public offering, leading to a decrease in its share price.
August 16, 2023 | 8:21 pm
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NEGATIVE IMPACT
EMCORE's proposed public offering has led to a decrease in its share price.
Public offerings often lead to a decrease in share price due to dilution of shares. As EMCORE has announced a proposed public offering, this has led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100