Diversey Holdings Ltd. [DSEY] is -4.14% lower this YTD. Is it still time to buy?

Diversey Holdings Ltd. [NASDAQ: DSEY] stock went on a downward path that fall over -3.04% on Thursday, amounting to a one-week price decrease of less than -3.75%. The company report on April 16, 2021 that Diversey Announces Exercise of Underwriters’ Option to Purchase Additional Shares.

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Diversey Holdings, Ltd. (Nasdaq:DSEY) (“Diversey”), a leading provider of hygiene, infection prevention and cleaning solutions, announced that the underwriters of the previously announced and closed initial public offering of 46,153,846 ordinary shares exercised their option and purchased an additional 5,000,000 ordinary shares at the initial public offering price of $15.00, less the underwriting discount, which purchase of additional shares has also previously closed. The estimated net proceeds from the offering, including the exercise of the underwriters’ option, are approximately $723 million after deducting the underwriting discount and estimated offering expenses. The total number of ordinary shares outstanding after the offering is 309,008,357.

Citigroup, Morgan Stanley, Barclays and J.P. Morgan acted as book-running managers of the offering. BofA Securities, Credit Suisse, Goldman Sachs & Co. LLC, Jefferies, RBC Capital Markets, UBS Investment Bank, Baird and Guggenheim Securities also acted as book-running managers. Siebert Williams Shank acted as a co-manager of the offering.

Compared to the average trading volume of 2.24M shares, DSEY stock reached a trading volume of 1414486 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Diversey Holdings Ltd. [DSEY]:

The Average True Range (ATR) for Diversey Holdings Ltd. is set at 0.89

DSEY Stock Performance Analysis:

Diversey Holdings Ltd. [DSEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.75.

Insight into Diversey Holdings Ltd. Fundamentals:

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