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Why is Iterum Therapeutics Plc (ITRM) Stock down?

27 Nov, 2023:

Shares of Interum Therapeutics Plc (ITRM) dropped by 20.43% from $2.30 to $1.83 in the trading on Monday, November 27, 2023. The reason why ITRM is down today is due to a Form 4 filing on November 20, 2023, indicating that company insiders had been selling their shares. Insider selling can be interpreted by other investors as a lack of confidence in the company's future performance. This perception likely contributed to the sharp decline in ITRM's stock price.

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