As per the market data, up to 110 million shares, or about 2% of the company’s outstanding equity, became tradeable. The increase in free float revived near‑term supply concerns, weighing on the stock even as brokerages maintained a constructive view on the company’s longer‑term prospects.
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy