Torrid Holdings shares are trading lower after the company announced a secondary offering of 8 million shares.
Portfolio Pulse from Benzinga Newsdesk
Torrid Holdings announced a secondary offering of 8 million shares, leading to a decline in its stock price.
September 11, 2024 | 4:28 pm
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Torrid Holdings' stock is trading lower following the announcement of a secondary offering of 8 million shares, which typically dilutes existing shareholders' value.
The announcement of a secondary offering often leads to a decrease in stock price due to dilution concerns. The market reacted negatively, causing CURV shares to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100