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Why Athenex Stock Is Down Today

Prosper Junior Bakiny, The Motley Fool
·2 min read
Why Athenex Stock Is Down Today

Shares of Athenex (NASDAQ: ATNX) were down by 14.3% as of 1:35 p.m. EDT on Thursday, following the company's announcement of the pricing of a public offering of common stock. With Athenex set to dilute existing shareholders, it isn't surprising that investors are selling off shares of the biotech today. Athenex first announced its intention to raise funds through a public offering on Tuesday.

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