4.42% +0.35

AVITA Medical Inc (RCEL)

Overview News Price History Option Chain Financials Why RCEL Down? Discussions Forecast Stock Split

Why is AVITA Medical Inc (RCEL) Stock down?

We've noticed a 5.96% decline in AVITA Medical Inc (RCEL) stock during the 2024-05-15 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!

21 Nov, 2023:

AVITA Medical Inc Stock (RCEL) dropped by 18.90% from $12.54 to $10.17 in the trading on Tuesday November 21, 2023. The reason why RCEL stock down today is due to cut in FY23 revenue guidance. AVITA Medical revised its FY23 revenue guidance from $51 million - $53 million to $49.5 million - $50.5 million. Investors have negatively reacted to the news, causing RCEL stock down today.