Addus HomeCare shares are trading lower after the company announced a proposed public offering of 1.50 million shares of its common stock.
Portfolio Pulse from Benzinga Newsdesk
Addus HomeCare shares are trading lower following the announcement of a proposed public offering of 1.50 million shares of its common stock.
June 26, 2024 | 8:15 pm
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Addus HomeCare shares are trading lower after the company announced a proposed public offering of 1.50 million shares of its common stock.
The announcement of a public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may react to the increased supply of shares and potential dilution of earnings per share.
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