Why Agile Therapeutics (AGRX) Stock Is Down 60%
Portfolio Pulse from Henry Khederian
Agile Therapeutics Inc (AGRX) stock plummeted by 61% to $0.24 after announcing its delisting from Nasdaq due to failure to meet the minimum stockholders' equity requirement. The company's shares will now trade over-the-counter under the same symbol, AGRX. Despite the delisting, Agile Therapeutics plans to continue its business operations and explore strategic opportunities for Twirla growth and shareholder value.
March 26, 2024 | 4:18 pm
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Agile Therapeutics Inc's stock experienced a significant drop following its delisting from Nasdaq, now trading over-the-counter.
The direct impact on AGRX's stock price is evident from the 61% drop following the announcement of its delisting from Nasdaq. This significant event directly affects investor perception and the stock's liquidity, leading to a negative short-term impact on its price. The move to over-the-counter trading typically results in reduced visibility and investor interest, which can further depress the stock price.
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