Why Varex Imaging Stock Is Sinking Today

Why Varex Imaging Stock Is Sinking Today

Shares of Varex Imaging (NASDAQ: VREX), a healthcare company focused on X-ray imaging components, are plunging today, down 15% as of 10:47 a.m. EDT. The double-digit drop is traceable to the announcement that the company is raising capital through a convertible notes offering. The initial buyers of the notes will be given a 13-day option to purchase an additional $22.5 million in convertible notes.