Mohawk Industries' stock plummeted 5.01% during intraday trading on Friday, following the company's filing for a mixed shelf offering with the U.S. Securities and Exchange Commission.

The filing, which was submitted to the SEC, covers the potential future sale of various securities including debt, common stock, preferred stock, depositary shares, warrants, purchase contracts, and units. Proceeds from any such offering are intended for general corporate purposes such as working capital, capital expenditures, acquisitions, and repayment of borrowings.

Such shelf offerings often lead to investor concerns about potential dilution of existing shares or increased corporate debt, which can trigger selling pressure in the market.