Why Savers Value Village Stock Was Wilting This Week

The stock of thrift store chain operator Savers Value Village (NYSE: SVV) has landed in the discount bin.The retailer announced a secondary stock issue at a relatively bargain price, which dampened investor sentiment on the company. Its stock was down by more than 11% week to date as of Thursday evening, according to data compiled by S&P Global Market Intelligence. Savers initially announced the sale after market close on Monday. It wrote that affiliates of the company's majority stockholder, alternative investment company Ares Management, were unloading 15 million shares of its common stock for $10.25 apiece in a public offering. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool