Dynavax Technologies shares are trading lower. The company issued preliminary Q4 and FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Dynavax Technologies' stock is trading lower following the company's release of preliminary guidance for Q4 and the full year of 2023, which suggests potential concerns or disappointments among investors regarding the company's financial performance.

January 08, 2024 | 6:08 pm
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Dynavax Technologies' shares are trading lower after the company issued preliminary guidance for Q4 and FY23, indicating potential investor concerns over the company's upcoming financial results.
The decline in Dynavax Technologies' stock price following the release of preliminary guidance suggests that the market may have had higher expectations for the company's financial performance. Preliminary guidance often serves as an indicator of what the company expects to report, and a negative market reaction can imply that the guidance did not meet investor expectations. This could lead to a short-term negative impact on the stock price as investors adjust their positions based on the new information.
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