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Why is Axsome Therapeutics Inc (AXSM) Stock down?

We've noticed a 5.03% decline in Axsome Therapeutics Inc (AXSM) stock during the 2024-10-04 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!
28 Jun, 2023:

Axsome Therapeutics stock down 10.06% today as investors reacted to the company pricing a public share offering. The company was selling 3 million shares of AXSM stock at a price of $75 each. Investors were likely unhappy with the offering devaluing the stock, as its prior closing price was sitting at $83.37 per share.

https://investorplace.com/2023/06/why-is-axsome-therapeutics-axsm-stock-down-10-today/

$70.68
price down icon 0.42%
$18.62
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$36.06
price down icon 1.68%
$364.60
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$196.58
price up icon 0.88%
$102.64
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