Navigator Holdings Ltd. (NVGS) shares fell 5.01 percent to $18.21, down $0.96 on Friday, after the company announced the pricing of an enlarged secondary stock offering by a major shareholder.
The stock is currently trading at $18.21 compared with its previous close of $19.17. Shares opened at $18.55 and traded between $17.93 and $18.73 during the session on the New York Stock Exchange. Trading volume reached about 1.69 million shares, well above the average volume of about 284,379 shares.
Navigator said selling shareholder BW Group Limited priced 8.0 million shares at $17.50 each, below the prior market close, increasing supply and weighing on the stock. The company will not receive proceeds from the sale, though it plans to repurchase 3.5 million shares from the underwriters at the same price using cash on hand.
The stock has traded in a 52-week range of $10.55 to $21.36.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.