AlloVir shares are trading lower after the company priced a 20 million share offering at $3.75/share.
Portfolio Pulse from Benzinga Newsdesk
AlloVir has priced its 20 million share offering at $3.75 per share, causing its stock to trade lower.

June 22, 2023 | 9:22 am
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AlloVir's stock is trading lower after pricing its 20 million share offering at $3.75 per share.
AlloVir's decision to price its 20 million share offering at $3.75 per share has led to a decrease in its stock price. This is because the offering price is lower than the current market price, which dilutes the value of existing shares and makes them less attractive to investors.
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