Sonida Senior Living shares are trading lower after the company announced the pricing of an upsized public offering of 4.3 million shares at $27 per share.
Portfolio Pulse from Benzinga Newsdesk
Sonida Senior Living shares are trading lower after the company announced the pricing of an upsized public offering of 4.3 million shares at $27 per share.
August 16, 2024 | 11:53 am
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Sonida Senior Living shares are trading lower after the company announced the pricing of an upsized public offering of 4.3 million shares at $27 per share.
The announcement of an upsized public offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The market's reaction to the pricing of $27 per share has led to a decrease in the share price.
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