RAIT Financial Trust (RAS) announced after the bell Monday that it has commenced an underwritten public offering of 9,000,000 common shares. The stock is now down 0.32 on 12K shares.
RAIT Financial Trust climbed for the bulk of the afternoon Monday and closed up by 0.27 at $5.98. The stock closed challenging the highs of the year, trading at a 10-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.