Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Kratos Defense Stock Keeps Going Down

TheMotleyFool

0 0

Why Kratos Defense Stock Keeps Going Down: https://g.foolcdn.com/editorial/images/858304/predator-drone-flying-at-dawn.jpg

Kratos Defense Security (NASDAQ: KTOS) stock resumed falling Friday, dropping another 7% through 11:35 a.m. ET after announcing plans to sell at least $1.2 billion in new stock.

The bad news started last night with Kratos warning it will sell $1 billion in stock, and potentially $1.15 billion if underwriters exercise overallotment options. By this morning, the offering had swelled in size:

Image source: Getty Images.

Source Fool.com

Like: 0

KTOS

Share