Smithfield Foods Inc. (SFD) announced after the close Monday that it commenced an underwritten registered public offering of $250,000,000 of shares of its common stock. The stock is now lower by 0.40 on 28K shares.
Smithfield Foods gapped down slightly Monday, but was range-bound for the bulk of the session. The stock pulled back from some resistance and finished down by 0.09 at $14.30.
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