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Ian Wyatt Return Risk +0.00% N/A Tracked Blogger Profile & Performance Subscribe to author

Symbol Sentiment Start Return Closed GSIC n/a Via BloggingStocks:   Filed under: Marketing and advertising Shares of GSI Commerce (NASDAQ: GSIC), an e-commerce and online marketing services company, fell by over a dollar a share on news of a stock offering priced at $17 per share. The proposed underwriting of 3.7 million new shares will help the company raise $59 million. Existing shareholders, including Softbank Capital Partners, plan to sell and additional 8.2 million shares for proceeds of $139 million. GSI Commerce was among the most active small-cap stocks in Thursday's trading. At mid-day, the stock was down 6% on heavy volume of over four million shares, well ahead of the average daily volume of 350,000 shares. Continue reading Stock offering sinks GSI Commerce Stock offering sinks GSI Commerce originally appeared on BloggingStocks on Thu, 13 Aug 2009 15:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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