MicroVision shares are trading lower after the company announced a proposed public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
MicroVision announced a proposed public offering of common stock, causing its shares to trade lower.
June 14, 2023 | 1:03 pm
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MicroVision's stock price is trading lower due to the announcement of a proposed public offering of common stock.
The announcement of a proposed public offering of common stock typically leads to a dilution of existing shares, causing the stock price to trade lower. This is the case for MicroVision, as the news directly impacts the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100