Why GrowGeneration Stock Is Crushing It Today
Shares of GrowGeneration (NASDAQ: GRWG) were crushing it on Tuesday, with the stock jumping 13.4% as of 11:31 a.m. EDT. The big gain came after the specialty hydroponic and organic gardening retailer announced the pricing of a public offering of 7.5 million shares.
In most cases, a stock offering causes a company's shares to fall. Investors know that with new shares on the market the value of existing shares will be diluted. So why did GrowGeneration stock soar instead of sink?
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Source Fool.com
