Carbonite Inc. (CARB) Is Heading Lower On Offering News

Carbonite Inc. (CARB) announced after the bell Monday that it has commenced a proposed public offering of 4.0 million shares of its common stock. The stock is now down 3.35 on 27K shares.

Carbonite traded in a range throughout Monday's session and closed down by 0.05 at $38.40.

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