Seeking Alpha

PennyMac prices offering, slides 4%

  • PennyMac Financial Services (PFSI) is off another 4% to $15.90 after pricing its 5.55M share secondary at $16.50 each. The seller is Fidelity Investments Charitable Gift Fund.
  • The offering was first announced on Monday evening with the stock trading at $18.36.
  • Press release
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