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14.99
6.24%
0.88
After Hours:
15.11
0.12
+0.80%
Why is Arcutis Biotherapeutics Inc (ARQT) Stock down?
We've noticed a 9.83% decline in Arcutis Biotherapeutics Inc (ARQT) stock during the 2024-12-18 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 Oct, 2023:
Arcutis Biotherapeutics Stock (ARQT) dropped by 18.65% from $3.03 to $2.47 in the trading on Friday October 20, 2023. The reason why ARQT stock down today is due to the stock offering. Arcutis Biotherapeutics today priced $100 million public offering of 32.5 million common shares at $2.50 per share. Arcutis intends to use the net proceeds from this offering to fund the continued development, approval and commercialization of its multiple programs.
2.88%
2.65%
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