CEL-SCI shares are trading lower after the company priced its public offering of 2.5 million shares at $2/share.
Portfolio Pulse from Benzinga Newsdesk
CEL-SCI has priced its public offering of 2.5 million shares at $2 per share, leading to a decrease in its stock price.
July 18, 2023 | 10:16 am
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CEL-SCI's stock price is expected to decrease in the short term due to the pricing of its public offering.
The company's decision to price its public offering at $2 per share, which is likely lower than its current market price, has led to a decrease in its stock price. This is because the lower offering price can dilute the value of existing shares, leading to a decrease in the stock price.
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