Why Vertex (VERX) Shares Are Falling Today - Vertex (NASDAQ:VERX)

Global provider of tax technology solutions Vertex, Inc VERX priced 1.5 million shares by Jeffrey R. Westphal at $15.15 per share via a secondary public offering.
The offering will likely close on November 22, 2022.
Also Read: Vertex Announces Third Quarter 2022 Financial Results
The estimated offering proceeds are $22.73 million.
Vertex will not receive any of the proceeds from the sale of shares in the offering.
Goldman Sachs & Co. LLC is serving as the sole underwriter for the offering.
Price Action: VERX shares traded lower by 11.6% at $14.94 in premarket on the last check Friday.

Momentum42.00

Growth4.57

QualityNot Available

Value4.50

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Vertex Selling Stockholder Offloads Stock At 10% Discount