WPRT - Why Westport Fuel Systems Tumbled 10.7% in June
Shares of Westport Fuel Systems (NASDAQ: WPRT) were down 10.7% in June, according to data from S&P Global Market Intelligence , following its decision to have yet another stock offering to kick off the month.
The natural gas fuel technology company announced its intention to sell 18.2 million shares at $5.50 per share, with up to 15% more shares available for the underwriters, for a total of around 21 million shares worth around $100 million.
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Why Westport Fuel Systems Tumbled 10.7% in June