Opera Ltd ADR (OPRA)

Opera (OPRA) stock sank 13.6% in Friday's trading. Opera published filings indicating that it was moving forward facilitating a secondary public offering that would see roughly 6.88 million American depositary shares (ADSs) sold by a shareholder that had owned a stake in the company since before its initial public offering (IPO). Investors seem to worry about one of the company's early backers reducing their position.

https://www.fool.com/investing/2023/09/29/why-opera-stock-is-skyrocketing-today/

Shares of Opera Limited (OPRA) were down 11.29% Thursday after the internet browser developer announced a significant secondary offering. Opera issued a press release stating it has commenced an underwritten secondary offering of 6,876,506 American depositary shares (ADSs) from a pre-IPO shareholder.

https://www.fool.com/investing/2023/09/28/why-opera-limited-stock-dropped-today/

Opera's stock drops 15.31% despite strong Q2 earnings, citing user decline and market pressures. Company raises full-year sales guidance to $380-390 million and adjusted EBITDA to $80-84 million.

https://www.fool.com/investing/2023/08/24/why-opera-stock-is-plummeting-today/

OPRA's stock fell 29% following its share issuance, which increased supply and reduced the value of each share for existing shareholders.

https://www.fool.com/investing/2023/07/15/why-opera-limited-stock-was-down-on-friday/