Cadre Holdings shares are trading lower after the company announced the commencement of an offering of 3.475 million shares.
Portfolio Pulse from Benzinga Newsdesk
Cadre Holdings announced the commencement of an offering of 3.475 million shares, leading to a decrease in its stock price.
March 14, 2024 | 3:14 pm
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Cadre Holdings' stock price is trading lower following the announcement of a 3.475 million share offering.
The announcement of a new share offering typically leads to a decrease in the stock price due to the dilution of existing shares. Given the size of the offering, it's reasonable to expect a negative short-term impact on Cadre Holdings' stock price.
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