Roivant Sciences Ltd (ROIV)

Roivant Sciences Ltd Stock (ROIV) dropped by 9.97% from $11.68 to $10.52 in the trading on Monday October 2, 2023. The reasons why stock ROIV is down today includes:

• Recent insider selling: On September 27, 2023, Eric Venker, who is the President and COO of ROIV, sold 500,000 shares of the company's stock.
• Concerns about ROIV's financial performance: ROIV has been losing money for several years, and this could make some investors worried about whether the company can start making a profit soon.
• Prospectus: Roivant Sciences on Friday filed a prospectus for a mixed securities shelf offering of up to $1.5B.

Roivant Sciences Ltd. (ROIV) gapped down 6.93% on Friday following insider selling activity. President & COO Eric Venker sold 500,000 shares of the company's stock.

https://finance.yahoo.com/news/insider-sell-president-coo-eric-090045464.html

Shares of Roivant (ROIV) fell 8.65% to $11.51 today, following the announcement that the firm has successfully redeemed all outstanding public and private placement warrants at a redemption price of $0.10 per warrant. Public warrants have been delisted from Nasdaq, while common shares (symbol "ROIV") continue to trade.

https://www.streetinsider.com/Corporate+News/Roivant+Sciences+%28ROIV%29+Completes+Redemption+of+Outstanding+Warrants/22146183.html