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Perché le azioni Arhaus Inc (ARHS) sono in ribasso?
Arhaus, Inc. fell 16.71% to $10.17 due to a secondary offering of 12 million class A common stock shares. Freeman & Spogli, the private equity sponsor, plans to decrease their stake from 22% to 13% (including overallotment).
ARHS falling related to bad news home-improvement and furnishings businesses, which show a slowdown in a key part of the economy. Most major market benchmarks were down Tuesday, albeit by different amounts. The Dow Jones Industrial Average (^DJI -1.01%) lost more than 1% on Tuesday, and more modest losses for the S&P 500 (^GSPC -0.64%) and Nasdaq Composite (^IXIC) showed that there weren't many good hiding places from negative sentiment on Wall Street.
https://www.fool.com/investing/2023/05/16/these-2-home-products-stocks-could-be-signaling-a/
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