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Guidewire Software Inc. (GWRE) Is Losing Ground After Offering Announcement

Guidewire Software Inc. (GWRE) announced after the bell Wednesday that it will commence concurrent underwritten public offerings of $200 million of shares of its common stock and $300 million aggregate principal amount of its convertible senior notes due 2025. The stock is now down 4.17 on 12K shares.

Guidewire Software gapped up at the open Wednesday and rose sharply in early trade, before settling into a range. Shares finished with a gain of 5.94 at $91.17 on strong volume. Guidewire Software jumped to a new high for the year.

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