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Why is Immunovant Inc (IMVT) Stock down?
We've noticed a 5.95% decline in Immunovant Inc (IMVT) 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!
02 Oct, 2023:
Immunovant Inc Stock (IMVT) dropped by 9.77% from $38.39 to $34.64 in the trading on Monday October 2, 2023. The reasons why stock IMVT is down today includes:
- Stock offering. On October 2, 2023, Immunovant announced a $300 million stock offering. This offering diluted the ownership of existing shareholders, and it is the reason why IMVT stock down today.
- Concerns about the company's pipeline: Immunovant's lineup of potential treatments is in the early stages of development, and this could raise concerns among investors about the possibility of clinical trials not being successful.
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