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Why is Theratechnologies Inc (THTX) Stock down?

26 Oct, 2023:

Theratechnologies Stock (THTX) dropped by 28.05% from $1.28 to $0.921 in the trading on Thursday October 26, 2023. The reason why THTX stock down today is due to the public offering of shares. The company reported pricing of $25 million public offering of common shares and concurrent private placement. Completion of the Public Offering and Concurrent Private Placement is expected to occur by October 31, 2023.

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