Loar Holdings Inc (LOAR) continued its downward trajectory in pre-market trading, plummeting 5.05% following a significant 8.59% drop in the previous session. The aerospace and defense component manufacturer's stock remains under pressure after the company announced a secondary public offering on Tuesday.

The offering, which involves certain stockholders selling 9 million shares of common stock in an underwritten public offering, has raised concerns among investors about potential share dilution and insider sentiment. Secondary offerings typically increase the supply of shares in the market, often leading to downward pressure on stock prices. Additionally, large-scale selling by existing shareholders can be interpreted as a lack of confidence in the company's near-term prospects.

As the market digests this news, investors are likely to keep a close watch on the pricing details of the offering and any statements from Loar Holdings regarding its growth strategy and financial outlook. The continued decline in the stock price suggests that market participants are still adjusting their positions in response to the potential changes in the company's capital structure and the implications of the insider transactions.