Why Dynatrace Stock Is Trading Lower Today

Dynatrace Inc DT shares are trading lower by 6.19% to $45.00 Wednesday morning after the company announced pricing of a proposed 15 million share public offering by selling shareholders.

What Else?

In addition to the 15 million shares, selling stockholders have granted the underwriter a 30-day option to purchase up to an additional 2,250,000 shares at the public offering price, less underwriting discounts and commissions.

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The offering is expected to close on February 10, subject to customary closing conditions.

According to data from Benzinga Pro, DT has a 52-week high of $49.55 and a 52-week low of $29.41.