RLJ Lodging Trust Files For Offering Of Up To 2.2M Common Shares By The Selling Shareholders
Portfolio Pulse from Benzinga Newsdesk
RLJ Lodging Trust has filed with the SEC for an offering of up to 2.2 million common shares by the selling shareholders. This move could impact the stock's supply and demand dynamics.
August 23, 2024 | 8:23 pm
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RLJ Lodging Trust's filing for an offering of up to 2.2 million common shares by selling shareholders may increase the stock's supply, potentially affecting its price.
The offering of additional shares by selling shareholders can increase the supply of RLJ's stock in the market. This could lead to downward pressure on the stock price if demand does not match the increased supply.
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