LifeStance Health Group shares are trading lower after the company announced a 20 million share offering by selling stockholders.
Portfolio Pulse from Benzinga Newsdesk
LifeStance Health Group shares are trading lower following the announcement of a 20 million share offering by selling stockholders.
May 22, 2024 | 10:39 am
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LifeStance Health Group shares are experiencing a decline due to the announcement of a 20 million share offering by selling stockholders. This move is likely to increase the supply of shares in the market, potentially diluting the value of existing shares.
The announcement of a large share offering typically leads to a decrease in share price due to the anticipated dilution of existing shares. Investors may react negatively to the increased supply of shares in the market.
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