Washington Trust Announces Pricing of Upsized Stock Offering
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Washington Trust Bancorp, Inc. has announced the pricing of its upsized stock offering, selling 1,911,764 shares at $34.00 each.
December 13, 2024 | 2:30 am
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Washington Trust Bancorp has priced its upsized stock offering at $34.00 per share, selling 1,911,764 shares. This could lead to short-term stock price fluctuations as the market absorbs the new shares.
The announcement of a stock offering typically leads to a short-term decrease in stock price due to dilution. The market will need to absorb the additional shares, which can create downward pressure on the stock price.
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