FILA To Sell 1.1M Acushnet Shares At 6% Discount In Block Trade
Portfolio Pulse from Benzinga Newsdesk
FILA Holdings is set to sell 1.1 million shares of Acushnet Holdings Corp. (GOLF) at a 6% discount in a block trade.
August 09, 2024 | 1:03 pm
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FILA Holdings is selling 1.1 million shares of Acushnet Holdings Corp. (GOLF) at a 6% discount in a block trade, which could put short-term downward pressure on GOLF's stock price.
The sale of a significant number of shares at a discount typically leads to a decrease in stock price due to increased supply and perceived lower valuation.
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