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Why is Bridger Aerospace Group Holdings Inc (BAER) Stock down?

We've noticed a 5.14% decline in Bridger Aerospace Group Holdings Inc (BAER) stock during the 2024-11-21 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
18 Oct, 2023:

Bridger Aerospace Group Holdings Stock (BAER) dropped by 28.96% from $6.13 to $4.36 in the trading on Wednesday October 18, 2023. The reason why BAER stock down today is due to public offering. The company announced a $70 million proposed public follow-on offering to fund growth initiatives. The company sees revenue of $51 million to $55 million for the quarter ended Sept. 30.

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