Cue BioPharma shares are trading lower after the company commenced a proposed public offering.
Portfolio Pulse from Benzinga Newsdesk
Cue BioPharma's shares are declining following the announcement of a proposed public offering.
September 26, 2024 | 8:29 pm
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Cue BioPharma's stock is experiencing a decline due to the announcement of a proposed public offering, which often leads to dilution concerns among investors.
The announcement of a public offering typically leads to a decrease in stock price due to potential dilution of existing shares. Investors may be concerned about the impact on their holdings, leading to a sell-off.
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