Scilex Selling Shareholder Files For Sale Of Up To 3.5M Shares
Portfolio Pulse from Benzinga Newsdesk
Scilex Holding Company (SCLX) has a selling shareholder who has filed for the sale of up to 3.5 million shares. This move could potentially impact the stock price in the short term.
July 18, 2024 | 8:24 pm
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A selling shareholder of Scilex Holding Company (SCLX) has filed for the sale of up to 3.5 million shares. This could lead to increased supply in the market, potentially putting downward pressure on the stock price in the short term.
The filing for the sale of up to 3.5 million shares by a selling shareholder could increase the supply of SCLX shares in the market. This increased supply may lead to downward pressure on the stock price in the short term as the market absorbs the additional shares.
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