On September 2, Celestica fell 5.2% in regular trading, trading at $277.54 per share, with turnover of $3.83 billion. The decline reflects broad pressure across the Electronic Manufacturing Services sector, compounded by ongoing dilution concerns following the company's recently completed large-scale equity offering.

In early August, Celestica completed a $3.45 billion common stock offering, issuing approximately 11.1 million shares at $310 each, with underwriters fully exercising their overallotment option to purchase an additional 1.5 million shares. The company stated net proceeds would be used for working capital, capital expenditures, and general corporate purposes. Since the offering was priced, shares have retreated significantly, with the stock now trading well below the $310 issue price, reflecting persistent dilution overhang.

Within the Electronic Manufacturing Services sector, weakness was widespread. TE Connectivity fell 3.4%, Fabrinet declined 2.51%, Flex Ltd dropped 1.94%, TTM Technologies lost 0.82%, and Jabil Circuit edged down 0.21%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)