Palomar shares are trading lower after the company announced a proposed $25 million public offering of 1.2 million shares.
Portfolio Pulse from Benzinga Newsdesk
Palomar shares are trading lower after the company announced a proposed $25 million public offering of 1.2 million shares.
August 09, 2024 | 2:08 pm
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Palomar shares are trading lower following the announcement of a proposed $25 million public offering of 1.2 million shares.
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. This is reflected in the immediate trading lower of Palomar shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100