RTTNews | Nov 19, 2021 01:10PM EST

13:10 Friday, November 19, 2021 (RTTNews.com) - Stock of Pennsylvania-based chemicals company, Ecovyst Inc. (ECVT), slipped 12% in the Friday market after the company announced that it will offer 8 million of its shares. According to the company, the shares will be offered at $9.50 per share. The offering will go through November 23. The share holder will be receiving all of the proceeds from this offering. The shares are trading at $9.45,down $1.22 or 11.39% since the previous close at $10.47. The stock opened at $9.48. In the 52-week period, the shares have ranged between $9.14 and $18.90 per share.

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