Why Evolus Stock Dived by Almost 19% Today

Eric Volkman, The Motley Fool
·2-min read
Why Evolus Stock Dived by Almost 19% Today

Evolus is floating 9 million shares of its common stock at a price of $9.50 apiece. It's not only the pricing, though -- Evolus is notably diluting existing stockholders. Finance, the company currently has just over 43.7 million shares outstanding.