Precigen shares are trading lower after the company announced a $30 million public offering.
Portfolio Pulse from Benzinga Newsdesk
Precigen shares are trading lower following the announcement of a $30 million public offering.

August 06, 2024 | 9:09 pm
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Precigen shares are trading lower after the company announced a $30 million public offering.
The announcement of a public offering often leads to a dilution of existing shares, which can negatively impact the stock price in the short term. Investors may be concerned about the dilution effect and the reasons behind the need for additional capital.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100