Forgent Power Solutions is trading 11.7% up today at $32.66 as shares rebound from a sharp selloff tied to a secondary equity offering.
- The stock recently experienced a ~25% five-day decline triggered by a ~$1.99 billion discounted share sale and subsequent dilution worries.
- Today’s upward move reflects stabilization and dip-buying as investors reassess the impact of the offering amid a broadly rising market.