Addus HomeCare shares are trading lower after the company announced the pricing of an underwritten public offering of 1.5 million shares of common stock at the public offering price of $108.00 per share.
Portfolio Pulse from Benzinga Newsdesk
Addus HomeCare shares are trading lower following the announcement of an underwritten public offering of 1.5 million shares at $108.00 per share.
June 27, 2024 | 12:43 pm
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Addus HomeCare shares are trading lower after the company announced an underwritten public offering of 1.5 million shares at $108.00 per share.
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. The market's reaction to the offering price of $108.00 per share has led to a decrease in the share price.
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