Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Aptinyx Stock Sank Today

TheMotleyFool

0 0

Shares of Aptinyx (NASDAQ: APTX) were sinking 7.2% lower as of 3:32 p.m. EDT on Wednesday after falling as much as 12.8% earlier in the day. The decline stemmed from the company's announcement on Tuesday evening that it plans to sell 12 million shares in a public stock offering.

Biotech stocks typically drop on news of a secondary stock offering. The issuance of new shares dilutes the value of existing shares.

Image source: Getty Images.

Source Fool.com

Like: 0

APTX

Share