LATAM Shares Plummet 2.26% on Secondary Offering as Trading Volume Surges 571% to Rank 464th in Market Activity

On August 14, 2025, LATAM (LTM) closed at a 2.26% decline, with a trading volume of $0.21 billion—surpassing yesterday’s volume by 571.46%—ranking 464th in market activity. The stock’s performance followed a secondary offering announced by Chile-based LATAM Airlines, which saw existing shareholders offload 18 million American Depositary Shares (ADS) at $42.60 per share, generating $766.8 million in gross proceeds. The offering, initially priced at a 4.8% discount to the previous close of $44.75, was expanded from an initial 15 million ADS allocation.

Key selling shareholders included Sixth Street, Strategic Value Partners, and Delta Air Lines, according to the prospectus. JP Morgan and Barclays acted as underwriters for the transaction. Despite the discount, the offering reflects investor confidence in the carrier’s recovery trajectory amid a broader industry rebound. Analysts maintain a favorable outlook, with all six covering analysts assigning a “buy” rating and a median price target of $52.50.

A strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day from 2022 to the present has yielded a total profit of $10,720. The returns, while moderate, demonstrate steady growth punctuated by market volatility over the period.