Why ToughBuilt Industries Shares Are Trading Lower By Over 46%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Shares of ToughBuilt Industries fell by over 46% after pricing its share offering at $0.41 per share. Other stocks that experienced significant movement include Advanced Health Intelligence, Ocean Biomedical, LumiraDx, Catalyst Biosciences, PureCycle Technologies, Mullen Automotive, and World Acceptance Corporation.
June 21, 2023 | 4:57 pm
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ToughBuilt Industries' shares fell 46.4% after pricing its share offering at $0.41 per share.
The stock price of ToughBuilt Industries fell significantly due to the pricing of its share offering at $0.41 per share, which is lower than the current market price. This dilution of shares and the lower offering price are likely to have a negative impact on the stock price in the short term.
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