Annexon shares are trading lower after the company announced the commencement of a $125 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Annexon shares are trading lower following the announcement of a $125 million public offering.
June 05, 2024 | 12:07 pm
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Annexon shares are experiencing a decline after the company revealed plans for a $125 million public offering. This move is likely to dilute existing shares, causing short-term downward pressure on the stock price.
The announcement of a public offering typically leads to a decrease in stock price due to the anticipated dilution of existing shares. Investors may react negatively in the short term as the market adjusts to the increased supply of shares.
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