🔴 KRMN is trading 4.3% down today after an upsized secondary share offering priced below recent levels

KRMN is trading 4.3% down at $51.05 after investors reacted to an upsized secondary share offering priced below recent levels.

• The deal involves existing holders selling 14 million shares at $61, adding a perceived supply overhang to the market.
• The offering is pressuring the stock following its sharp run-up over late June and early July.