Ocugen shares are trading lower after the company announced an underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Ocugen shares are trading lower following the company's announcement of an underwritten public offering.
July 31, 2024 | 9:08 pm
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Ocugen shares are experiencing a decline after the company announced an underwritten public offering, which typically dilutes existing shares and can lead to a decrease in stock price.
The announcement of an underwritten public offering usually leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may react to the potential dilution and the increase in the number of shares available in the market.
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