Spx Technologies shares fall 1.05% intraday after Heisco unit signs 4.9 mln dinars marine maintenance services contract with KNPC.

Spx Technologies, Inc. declined 1.05% in intraday trading. The company announced the pricing of a public offering of common stock, which may have led to the decline in stock price as investors may have been concerned about the dilution of shares. Additionally, the Heisco unit signing a 4.9 million dinars marine maintenance services contract with KNPC may not have been enough to offset the negative sentiment from the public offering.