Organigram shares are trading lower after the company announced pricing of an overnight marketed public offering.
Portfolio Pulse from Benzinga Newsdesk
Organigram shares are trading lower following the announcement of pricing for an overnight marketed public offering.
March 27, 2024 | 3:11 pm
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NEGATIVE IMPACT
Organigram's stock price is trading lower due to the announcement of pricing for an overnight marketed public offering.
The announcement of a public offering typically leads to a decrease in stock price due to the dilution of existing shares. Organigram's announcement of pricing for an overnight marketed public offering has likely led to investor concern over dilution, resulting in a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100