Axsome Therapeutics shares are trading lower after the company's proposed public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Axsome Therapeutics has announced a proposed public offering of common stock, leading to a decrease in the company's share price.
June 28, 2023 | 11:49 am
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Axsome Therapeutics' stock price is expected to be negatively impacted in the short term due to the proposed public offering of common stock.
Public offerings often lead to a decrease in a company's stock price in the short term due to the dilution of shares. As Axsome Therapeutics has announced a proposed public offering of common stock, it is expected that the company's stock price will be negatively impacted in the short term.
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