Redwood Trust Inc. (RWT) Is Losing Ground On Offering News

Redwood Trust Inc. (RWT) announced after the close Monday that it intends to offer 6,250,000 shares of its common stock in an underwritten public offering. The stock is now down 0.59 on 28K shares.

Redwood Trust traded in a range for the bulk of Monday’s session and closed down by 0.14 at $17.19.

by RTTNews Staff Writer

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