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Why CSW Industrials Stock Is Getting Hammered Thursday

なぜCSWインダストリアルズ株が木曜日に壊滅的な打撃を受けているのか

Benzinga ·  09/05 12:16

CSW Industrials (NASDAQ:CSWI) stock is down 10.3% to $284.00 during Thursday's session after the company increased the size of its public offering from 1 million to 1.1 million shares, priced at $285 per share.

What Else: This will generate gross proceeds of approximately $313.5 million before accounting for underwriting discounts and other expenses.

Additionally, the company gave underwriters a 30-day option to buy up to 165,000 extra shares at the same price, minus the underwriting discount. The company expects to close the offering around September 6, pending typical market and closing conditions.

CSW Industrials said it intends to use the net proceeds primarily to repay existing debt, with any remaining funds allocated for general corporate purposes, including potential future acquisitions.

Read Also: Services Sector Activity Expands More Than Expected In August, But Employment Growth Softens

How To Buy CSWI Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in CSWI's case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, CSWI has a 52-week high of $337.63 and a 52-week low of $167.27.

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