Why Personalis Stock Dropped Today

Why Personalis Stock Dropped Today

Shares of Personalis (NASDAQ: PSNL) are down by 12.1% as of 3:48 p.m. EST on Wednesday, after dropping by as much as 15.1%. Investors are selling off the company's stock following its announcement of the pricing of a public offering of common stock. Personalis has been on fire on the market of late, rising by over 210% in the past year even after today's plunge.