MicroVision shares are trading lower lower after the company filed for a mixed shelf offering.
Portfolio Pulse from Benzinga Newsdesk
MicroVision's shares are trading lower after the company filed for a mixed shelf offering.
June 13, 2023 | 8:30 pm
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NEGATIVE IMPACT
MicroVision's stock price is expected to decline in the short term due to the mixed shelf offering.
MicroVision's mixed shelf offering will increase the number of shares available in the market, which may dilute the value of existing shares. This can lead to a short-term decline in the stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100