ITT Stock Drops After New Share Offering
Update: 2025-12-08
Description
ITT Incorporateds stock price dropped by 6.3% following the announcement of a new share offering to fund the acquisition of SPX FLOW for $4.775 billion. This significant stock movement is unusual for ITT, which typically has low volatility. Despite todays dip, ITTs shares have risen by 20.3% this year and an investor who bought $1000 worth five years ago would now have approximately $2231.
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