SFL shares are trading lower after the company announced an offering of 8 million common shares.
Portfolio Pulse from Benzinga Newsdesk
SFL Corporation's shares are trading lower following the announcement of an offering of 8 million common shares.
July 23, 2024 | 8:46 pm
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SFL Corporation's shares are trading lower after the company announced an offering of 8 million common shares. This move is likely to dilute existing shareholders' equity, leading to a short-term negative impact on the stock price.
The announcement of a common share 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 their holdings.
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