Equity Lifestyles Properties (ELS) announced after the close Monday that it commenced an underwritten public offering of 4,000,000 shares of common stock.
Equity Lifestyles Properties gapped down sharply Tuesday, but was range-bound for the majority of the session. The stock finished down by $2.83 at $33.74 on the highest volume of the year. Shares have been losing ground since early June and closed Tuesday at over a 3-month low.
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