Why Aptinyx Stock Sank Today

Keith Speights, The Motley Fool
·1-min read
Why Aptinyx Stock Sank Today
Why Aptinyx Stock Sank Today

The decline stemmed from the company's announcement on Tuesday evening that it plans to sell 12 million shares in a public stock offering. In Aptinyx's case, the sale of 12 million shares represents roughly 25% of the company's outstanding shares. The timing for Aptinxy's announcement of a public stock offering was smart, however.