Compass Minerals International Says KM&T Investment Holdings, LLC May Offer And Sell Up To 7.03M Shares Of Co's Common Stock
Portfolio Pulse from Benzinga Newsdesk
Compass Minerals International (CMP) has announced that KM&T Investment Holdings, LLC may offer and sell up to 7.03 million shares of the company's common stock, according to a SEC filing.
September 21, 2023 | 8:29 pm
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KM&T Investment Holdings may sell up to 7.03 million shares of Compass Minerals International's common stock. This could potentially increase the supply of CMP's shares in the market, which may put downward pressure on the stock price in the short term.
The potential sale of 7.03 million shares by KM&T Investment Holdings could increase the supply of Compass Minerals International's shares in the market. According to the law of supply and demand, if the supply of a stock increases while demand remains the same, it can lead to a decrease in the stock's price. Therefore, this news could potentially have a negative impact on CMP's stock price in the short term.
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