Civitas Resources Reports Public Offering Of Aggregate 6.956M Shares By Selling Stockholder Canada Pension Plan Investment Board Affiliate
Portfolio Pulse from Benzinga Newsdesk
Civitas Resources announced a public offering of 6.956 million shares by a selling stockholder, an affiliate of the Canada Pension Plan Investment Board.
May 15, 2024 | 8:10 pm
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Civitas Resources is seeing a public offering of 6.956 million shares by a selling stockholder, which could lead to short-term downward pressure on the stock price due to increased supply.
The public offering of a large number of shares by a selling stockholder typically increases the supply of shares in the market, which can lead to a decrease in the stock price in the short term.
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