Why a Stock moved Down Today -9.10% $FA fell to $21.38 from a $23.52 close after a $327 million secondary offering: 15 million shares were priced at $21.80, a

Why a Stock moved Down Today -9.10% $FA fell to $21.38 from a $23.52 close after a $327 million secondary offering: 15 million shares were priced at $21.80, a 7.3% discount to the prior close. No new shares are being issued; Silver Lake is the sole seller and receives all proceeds, so the company’s…