JetBlue shares are trading lower after the company announced a $400 million convertible senior notes offering.
Portfolio Pulse from Benzinga Newsdesk
JetBlue shares are trading lower following the announcement of a $400 million convertible senior notes offering.

August 12, 2024 | 11:18 am
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JetBlue shares are trading lower after the company announced a $400 million convertible senior notes offering.
The announcement of a $400 million convertible senior notes offering typically signals that the company is raising capital, which can dilute existing shareholders' equity and lead to a short-term decline in stock price.
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