It was announced that $XENE was offering more shares, however, their share prices went UP after hours. Why?
Why is $XENE gaining when it was announced today that it's diluting its shares with new stocks? The $XENE stock has $1.3B in market capitalization, so the $0.25B offering is about 19.2% (0.25B / 1.3B ~= 0.192). Does this mean that the shares will fall by 19.2% soon?
Submitted October 04, 2021 at 11:48PM by Heinrich-Dinkelacker https://ift.tt/3A5uSUQ
