iRhythm Technologies shares are trading lower after the company announced a $450 million proposed offering of convertible senior notes.
Portfolio Pulse from Benzinga Newsdesk
iRhythm Technologies announced a $450 million proposed offering of convertible senior notes, leading to a decrease in its share price.
March 04, 2024 | 4:10 pm
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iRhythm Technologies' share price has decreased following the announcement of a $450 million proposed offering of convertible senior notes.
Convertible senior notes offerings often lead to concerns about dilution among existing shareholders, which can result in a decrease in share price. Given the significant amount of $450 million, this is likely the reason for the negative impact on iRhythm Technologies' stock.
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