Permian Resources Announces Public Offering Of 26,500,000 Share Common Stock Offering
Portfolio Pulse from Benzinga Newsdesk
Permian Resources has announced a public offering of 26,500,000 shares of common stock.
July 29, 2024 | 10:40 am
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Permian Resources has announced a public offering of 26,500,000 shares of common stock, which could lead to a dilution of existing shares and potential short-term pressure on the stock price.
The announcement of a large public offering typically leads to dilution of existing shares, which can result in downward pressure on the stock price in the short term as the market adjusts to the increased supply of shares.
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