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Why The Chefs' Warehouse Stock Was Falling on Tuesday

TheMotleyFool

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Why The Chefs' Warehouse Stock Was Falling on Tuesday

Shares of The Chefs' Warehouse (NASDAQ: CHEF) fell sharply in early trading on Tuesday after the company announced a secondary offering of its common stock. It was down 10% early before recovering later in the trading session. As of 2:30 p.m. EDT, shares were only down 4%.

The Chefs' Warehouse stock has recovered some in recent weeks, but shares are still down substantially in 2020.