Tonix Pharmaceuticals shares are trading lower after the company announced a proposed public offering.
Portfolio Pulse from Benzinga Newsdesk
Tonix Pharmaceuticals shares are trading lower following the announcement of a proposed public offering.
June 12, 2024 | 12:59 pm
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NEGATIVE IMPACT
Tonix Pharmaceuticals shares are experiencing a decline due to the announcement of a proposed public offering, which typically dilutes existing shares and can lead to a decrease in stock price.
The announcement of a proposed public offering often leads to a decrease in stock price due to the potential dilution of existing shares. Investors may react negatively to the increased supply of shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100