Cactus Inc. (WHD) Is Losing Ground After Offering Announcement

Cactus Inc. (WHD) announced after the close Monday that it has commenced an underwritten public offering of 10 million shares of its Class A common stock. The stock is now down 1 point on 6K shares.

Cactus gapped up at the open Monday, but traded in a range for the majority of the session. The stock closed up by 1.52 at $35.60 and set over a 1-month high.

by RTTNews Staff Writer

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