Why Accel Entertainment Gained 8% Today
Shares of video-gaming machine supplier Accel Entertainment (NYSE: ACEL) rose 13% this morning before settling to a gain of 8%, as of 1:00 p.m. EDT.
After announcing a common stock offering earlier this week, investors had driven the stock down 25%. Today, the company announced the shares would be offered at a price of $10.50 per share, just about where shares closed yesterday's trading session. Investors were satisfied and cut some of the losses seen earlier in the week.
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Source Fool.com
