Why Agenus Inc. Stock Slumped Today
Shares of the cancer immunotherapy and vaccine company Agenus (NASDAQ: AGEN) fell by as much as 16.7% on nearly five times the average volume today, before ultimately ending the day down by only 5.1%. This sizable move lower was triggered by a $250 million mixed shelf offering that the company plans to use for general corporate purposes.
According to the accompanying prospectus, general corporate purposes may include "working capital, capital expenditures, repayment and refinancing of debt, research and development expenditures, clinical trial expenditures, acquisitions of additional companies or technologies and investments."
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Source: Fool.com
Agenus Inc. Aktie
0,41 €
-1,97 %
Die Agenus Inc. Aktie zieht etwas Aufmerksamkeit auf sich: Mehr Buy- als Sell-Einschätzungen.
Mit einem Community-Kursziel von 37 € für Agenus Inc. wird ein starkes Wachstumspotenzial gegenüber dem aktuellen Kurs von 0.41 € gesehen.
