GE HealthCare Technologies shares are trading lower after the company announced the launch of a secondary offering of 13 million shares of its common stock.
Portfolio Pulse from Benzinga Newsdesk
GE HealthCare Technologies' stock is trading lower following the announcement of a secondary offering of 13 million shares of its common stock.
March 12, 2024 | 8:44 pm
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GE HealthCare Technologies announced a secondary offering of 13 million shares, leading to a decrease in its stock price.
Secondary offerings often lead to a decrease in stock price due to the dilution of existing shares. Given the size of the offering, it's likely to have a significant short-term negative impact on GEHC's stock price.
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