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U.S. stocks move: GlobalFoundries plunges nearly 11% as shareholders reportedly plan to sell over $1.9 billion worth of shares

U.S. stocks move: GlobalFoundries plunges nearly 11% as shareholders reportedly plan to sell over $1.9 billion worth of shares

格隆汇格隆汇2026/05/27 13:55
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Gelonghui May 27 | At market open yesterday, the exchange—which had just reached a record high—once fell nearly 11%, bottoming at $80.2. According to reports, sources say Abu Dhabi's sovereign wealth fund Mubadala Investment is planning to sell shares of the exchange through an unregistered block trade, aiming to raise $1.91 billion. The block trade involves 22 million shares of the exchange, with the offering price per share set in the range of $86.3 to $86.8.
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