Why JELD-WEN Holding Stock Is Falling Today

Shares of JELD-WEN Holding (NYSE: JELD) fell 10% on Tuesday after the company said shareholder Onex Partners Manager LP would sell down part of its stake. On Monday after markets closed JELD-WEN said that Onex intends to offer 10 million shares of the company's common stock for sale. Onex acquired JELD-WEN, a manufacturer of windows, doors, and other residential construction products, in 2011 and returned it to public markets via a 2017 initial public offering.