Home 3d Printing ExOne stock pulls back from 7-year high after 3D printer’s stock offering...

ExOne stock pulls back from 7-year high after 3D printer’s stock offering prices at 16% discount

41
0


Shares of ExOne Co.
XONE,
-8.69%

dropped 10.1% in premarket trading Wednesday, to pull back from a seven-year closing high in the previous session, after the sand and metal 3D printer company announced a public offering of stock that priced at a deep discount. The company sold 1.67 million shares, which represented about 8.7% of the shares outstanding, at a price of $54 a share, which was 16.3% below Tuesday’s closing price of $64.50. The company raised $90 million in the offering. The offering comes after the stock soared 79.0% amid a three-day win streak to close Tuesday at the highest price since Jan. 13, 2014. The stock has skyrocketed nearly six-fold (503.9%) over the past three months through Tuesday, while the S&P 500
SPX,
+1.95%

has gained 10.3%.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here