Roivant Sciences Ltd (ROIV)

Overview News Price History Option Chain Why ROIV Down? Discussions Forecast

Why is Roivant Sciences Ltd (ROIV) Stock down?

We've noticed a 7.78% decline in Roivant Sciences Ltd (ROIV) stock during the 2023-12-20 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:

Roivant Sciences Ltd Stock (ROIV) dropped by 9.97% from $11.68 to $10.52 in the trading on Monday October 2, 2023. The reasons why stock ROIV is down today includes:

Recent insider selling: On September 27, 2023, Eric Venker, who is the President and COO of ROIV, sold 500,000 shares of the company's stock.
Concerns about ROIV's financial performance: ROIV has been losing money for several years, and this could make some investors worried about whether the company can start making a profit soon.
Prospectus: Roivant Sciences on Friday filed a prospectus for a mixed securities shelf offering of up to $1.5B.

29 Sep, 2023:

Roivant Sciences Ltd. (ROIV) gapped down 6.93% on Friday following insider selling activity. President & COO Eric Venker sold 500,000 shares of the company's stock.

https://finance.yahoo.com/news/insider-sell-president-coo-eric-090045464.html

11 Sep, 2023:

Shares of Roivant (ROIV) fell 8.65% to $11.51 today, following the announcement that the firm has successfully redeemed all outstanding public and private placement warrants at a redemption price of $0.10 per warrant. Public warrants have been delisted from Nasdaq, while common shares (symbol "ROIV") continue to trade.

https://www.streetinsider.com/Corporate+News/Roivant+Sciences+%28ROIV%29+Completes+Redemption+of+Outstanding+Warrants/22146183.html