About 2 days ago LIFE did an underwritten public offering at 8$ of 10,000,000+ shares. However, now the stock is up to 12$ and possibly going higher.
I was always told that a public offering,esp. when its much cheaper than the market price, is terrible for a stock. So why is it that LIFE went up to 12$?
https://finance.yahoo.com/news/atyr-pharma-announces-closing-86-200700145.html
Thanks. Any help or advice on this matter would be of great help.
I was always told that a public offering,esp. when its much cheaper than the market price, is terrible for a stock. So why is it that LIFE went up to 12$?
https://finance.yahoo.com/news/atyr-pharma-announces-closing-86-200700145.html
Thanks. Any help or advice on this matter would be of great help.
