Enovis Corp (ENOV)

Shares of Enovis Corporation Stock (ENOV) dropped by 7.49% from $48.49 to $44.86 in the trading on Thursday, October 19, 2023. The reason why ENOV stock down is due to [recent company announcements](https://www.globenewswire.com/news-release/2023/10/19/2763026/0/en/Enovis-Corporation-Announces-Proposed-Private-Offering-of-400-Million-of-Convertible-Senior-Notes.html0. Enovis plans to initiate a private offering of $400 million in Convertible Senior Notes due 2028, with an option for initial purchasers to acquire an additional $60 million within a 13-day window. In conjunction with this offering, Enovis intends to engage in capped call transactions to manage potential stock dilution upon conversion of the Notes. These transactions involve the purchase of Enovis' common stock and derivative transactions, which could impact the stock's market price.