ATS shares are trading lower after the company announced a C$163 million secondary offering of common shares.
Portfolio Pulse from Benzinga Newsdesk
ATS shares are trading lower following the announcement of a C$163 million secondary offering of common shares.
March 28, 2024 | 3:10 pm
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NEGATIVE IMPACT
ATS shares are trading lower due to the announcement of a C$163 million secondary offering of common shares.
Secondary offerings often lead to a decrease in a stock's price in the short term due to the dilution of existing shares. Given the significant size of the offering (C$163 million), it's likely to have a notable impact on ATS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100