Alkami Technology shares are trading lower after the company announced a secondary offering of common stock by selling stockholders.
Portfolio Pulse from Benzinga Newsdesk
Alkami Technology shares are trading lower following the announcement of a secondary offering of common stock by selling stockholders.
August 09, 2024 | 1:16 pm
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NEGATIVE IMPACT
Alkami Technology shares are experiencing a decline due to the announcement of a secondary offering of common stock by selling stockholders.
The announcement of a secondary 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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100