SYM is trading at 4.2% down now at $59.57, extending weakness after its early-December stock offering and related insider sale by a major shareholder. This continued pressure stems from the recent pricing of a large primary and secondary share offering, which media and analysts cite as creating significant dilution concerns and driving a sharp pullback in the stock.
- The company recently priced a 10 million–share primary and secondary offering.
- The offering was priced at $55.00 per share, notably below the prior closing price of $60.48.