What's Going On With Oak Street Health Shares Falling?

Oak Street Health Inc OSH shares are trading lower by 5.47% to $25.75 Wednesday morning after the company priced its secondary offering of 7 million shares of common stock at $25.75 per share.

What Else?

The selling stockholder also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of Oak Street's common stock.

Oak Street says the company will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholder, and the selling stockholder will bear the underwriting discounts and commissions associated with the sale of such shares.

The offering is expected to close on August 19th, subject to customary closing conditions.

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According to data from Benzinga Pro, Oak Street Health has a 52-week high of $54.14 and a 52-week low of $13.29.