BlackSky Technology Inc ( BKSY/WS ) shares are trading lower by 16.9% to $4.19 during Wednesday’s session after the company announced the pricing of a $40 million public offering of 10 million shares at $4.00 per share.

The offering, solely from BlackSky ( BKSY/WS ), is set to close around September 26, pending standard conditions. The company has also granted underwriters a 30-day option to purchase an additional 1.5 million shares.

Oppenheimer & Co. and Lake Street Capital Markets are serving as joint book-running managers for the offering.

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Should I Sell My BKSY Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of BlackSky Technology ( BKSY/WS ) have lost 58.13% year to date. This compares to the average annual return of -62.04%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

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BKSY has a 52-week high of $14.16 and a 52-week low of $3.86.