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Beazer Homes Lower Following Stock Offering Announcement

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-- Fox Business bringing.

Another tough day on Wall Street this morning's rally is losing momentum right now the Dow up fourteen points -- markets.

Shares of Beazer Homes are plunging after the company's stock offering -- -- that the homeowner -- plans to offer 75 million dollars in common stock.

Plus an additional 75 million intangible equity units.

The home -- says -- use up to 100 million bucks towards land investments in several states including Florida and California.

Some of the money will also be used for general corporate purposes.

And take your -- bankruptcy filing has said that stock tumbling the company is the first US coal producer to seek court protection.

As it deals would reduce demand for coal and rising cost.

Coal mining companies have struggled recently as electricity producers for the cheaper natural gas.

And that as -- latest from the Fox Business Network giving you the power to prop.