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Why is reAlpha Tech Corp. (AIRE) Stock down?
We've noticed a 7.96% decline in reAlpha Tech Corp. (AIRE) stock during the 2024-05-13 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
20 Nov, 2023:
Shares of reAlpha Tech Corp. (AIRE) dropped by 23.43% from $9.39 to $7.19 in the trading on Monday, November 20, 2023. The reason why AIRE is down today is due to the filing of a prospectus by ReAlpha Tech for the offering of up to 1.67 million common units at a price of $12 per unit. This news of a new offering likely led to a negative investor sentiment, resulting in the sharp drop in AIRE shares.
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