Crinetics Pharmaceuticals shares are trading lower after the company filed for the resale of up to 8.33 million shares by the selling stockholders.
Portfolio Pulse from Benzinga Newsdesk
Crinetics Pharmaceuticals' stock price is trading lower following the company's filing for the resale of up to 8.33 million shares by selling stockholders.
March 19, 2024 | 8:46 pm
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Crinetics Pharmaceuticals' shares are trading lower due to the filing for the resale of up to 8.33 million shares by selling stockholders.
The filing for the resale of a significant number of shares by selling stockholders typically leads to concerns about dilution or a lack of confidence by insiders, which can negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100