Guardian Pharmacy falls after shareholders trim stake in public offering

Guardian Pharmacy Services' GRDN.N shares fall as much as 4.8%; last down 3.6% at $21.78

Pharmacy services firm late Thursday announced pricing of its stock offering of 7.5 million shares at $21 apiece

Offering priced at 7% discount to stock's last close

Selling stockholders including Bindley Capital and Pharmacy Investors parted way with ~6.1 million shares in offering

GRDN sold ~1.4 million shares in offering, whose proceeds were used to repurchase shares from certain selling shareholders in the offering

Stock closed 2.4% higher on Thursday, after plunging 16.8% on Wednesday when GRDN unveiled the stock offering

Raymond James was the lead book-running manager of offering

All two brokerages covering stock rate "buy"; median PT $28 - data compiled by LSEG

As of last close, GRDN stock up 11.5% YTD