Forgent Power Solutions is trading 4.6% down at $30.91 as selling pressure continues following its large secondary equity offering.
- Investors remain focused on dilution from the roughly $1.99 billion follow-on share sale.
- The stock is extending sharp declines seen on July 24 and July 28 rather than reacting to fresh company news.
- Broader U.S. markets are only slightly lower, suggesting the move is mainly company-specific.