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Why is Wearable Devices Ltd (WLDS) Stock down?

We've noticed a 5.96% decline in Wearable Devices Ltd (WLDS) stock during the 2024-11-21 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!
09 Nov, 2023:

Wearable Devices Ltd Stock (WLDS) dropped by 53.69% from $0.9199 to $0.426 in the trading on Thursday November 9, 2023. The reason why WLDS stock down today is due to the public offering. The company announced a public offering of 4,444,444 ordinary shares at a price of $0.45 per share. It intends to use the net proceeds from this offering for working capital.

$1.25
price up icon 11.62%
$11.75
price up icon 1.97%
$7.42
price up icon 11.45%
$1.145
price up icon 0.00%
$14.83
price down icon 0.81%
$12.79
price down icon 1.39%
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