Genetic Technologies shares trading lower after the company announced a $2 million registered direct offering.
Portfolio Pulse from Benzinga Newsdesk
Genetic Technologies' stock is trading lower following the announcement of a $2 million registered direct offering.
April 18, 2024 | 4:22 pm
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Genetic Technologies' shares are trading lower due to the announcement of a $2 million registered direct offering.
The announcement of a registered direct offering typically leads to a decrease in stock price in the short term due to the dilution of existing shares. Given the direct impact of this news on Genetic Technologies, it's likely to negatively affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100