Coty shares are trading lower after the company announced it filed for a stock shelf offering.
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. has announced that it has filed for a stock shelf offering, leading to a decrease in its share price.

September 26, 2023 | 12:31 pm
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Coty's stock price is trading lower following the announcement of a stock shelf offering.
Coty's announcement of a stock shelf offering has led to a decrease in its share price. This is because a stock shelf offering often leads to dilution of existing shares, which can negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100