Avenue Therapeutics shares are trading lower after the company announced the pricing of a $5 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Avenue Therapeutics has announced the pricing of a $5 million public offering, leading to a decrease in its share price.
October 31, 2023 | 3:29 pm
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Avenue Therapeutics' shares are trading lower after the company announced a $5 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, Avenue Therapeutics' shares have dropped following the announcement of a $5 million public offering.
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