Myomo shares are trading lower after the company announced pricing of a $4.4 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Myomo announced the pricing of a $4.4 million public offering, leading to a decrease in its share price.
August 25, 2023 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Myomo's share price fell after the company announced a $4.4 million public offering.
The announcement of a public offering often leads to a decrease in share price as it dilutes the value of existing shares. In this case, Myomo's share price fell following the announcement of a $4.4 million public offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100