Stock of Guardian Pharmacy Services, Inc. (GRDN) is dropping about 3 percent on Thursday morning trading following the announcement of pricing of its upsized underwritten public offering of 6 million shares at $31.00 per share.
The company's stock is currently trading at $32.67, down 3.74 percent or $1.27, over the previous close of $33.91 on the New York Stock Exchange. It has traded between $19.17 and $37.43 in the past one year.
The company intends to use the proceeds to repurchase 1.020 million shares from certain stockholders, at a purchase price per share equal to the public offering price in the offering, less the underwriting discount. The offering is expected to close on March 20, 2026.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.