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Why GrafTech International's Stock is Trading Lower Today

Benzinga logo Benzinga 1/15/2021 Benzinga Insights

The Price And Volume Action In GrafTech International's Stock Today

GrafTech International's (NYSE:EAF) stock has been falling Friday, down 9.44% to a price of $10.45. Friday the stock has been traded at a volume of 4.53 million, about 202.7% of its recent 30-day volume average of 2.24 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: GrafTech International shares are trading lower after the company announced a secondary offering of common stock of 20 million shares.

Further Analysis of Recent Price Action

The stock's 50-day moving average was $9.08 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $13.12 and fallen to a low of $5.56.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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