Biodesix shares are trading lower after the company reported worse-than-expected Q3 revenue results. Additionally, the company filed for a $250 million mixed-shelf offering
Portfolio Pulse from Benzinga Newsdesk
Biodesix shares fell after the company reported disappointing Q3 revenue results and announced a $250 million mixed-shelf offering.
November 01, 2024 | 4:17 pm
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Biodesix shares are trading lower due to worse-than-expected Q3 revenue results and the announcement of a $250 million mixed-shelf offering.
The company's Q3 revenue results were below expectations, which typically leads to a negative market reaction. Additionally, the announcement of a $250 million mixed-shelf offering may dilute existing shares, further contributing to the stock's decline.
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