Why Lifestance Health Group (LSFT) Stock Is Falling
Portfolio Pulse from Henry Khederian
LifeStance Health Group Inc (NASDAQ:LFST) shares fell by 19.8% to $6.00 after the company announced a secondary public offering of 20 million shares at $6.25 per share. The offering is expected to close around May 24, with selling stockholders receiving all proceeds.
May 22, 2024 | 6:46 pm
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LifeStance Health Group Inc (NASDAQ:LFST) shares fell by 19.8% to $6.00 after the company announced a secondary public offering of 20 million shares at $6.25 per share. The offering is expected to close around May 24, with selling stockholders receiving all proceeds.
The significant drop in LFST's share price is directly linked to the announcement of a secondary public offering. The dilution effect and the fact that the company will not receive any proceeds from the offering are likely contributing to the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100