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0 0 -0.00156494522691716 -0.00156494522691716 0.029733959311424 0.0422535211267605 0.02660406885759 0.02660406885759
Stock impact report

Here's Why AcelRx Pharmaceuticals Lost as Much as 18.4% Today [The Motley Fool]

AcelRx Pharmaceuticals, Inc. (ACRX) 
Last acelrx pharmaceuticals, inc. earnings: 3/16 07:35 am Check Earnings Report
US:NASDAQ Investor Relations: ir.acelrx.com/investor-relations
Company Research Source: The Motley Fool
After earning FDA marketing approval for a controversial new drug, the company is raising cash through a share offering. Maxx Chatsko ( TMFBlacknGold ) Nov 9, 2018 at 1:43PM What happened Shares of AcelRx Pharmaceuticals ( NASDAQ:ACRX ) dropped over 18% today after the company announced a stock offering. The transaction will add up to 14.6 million shares to the market, an increase of 24% relative to the number of shares outstanding beforehand, and provide the company with gross proceeds of up to $46 million. As of 12:35 p.m. EST, the stock had settled to a 17.1% loss.  It may be difficult to believe given today's massive decline in share price, but Wall Street appears to think the stock offering is a net positive for AcelRx Pharmaceuticals. That's because the decline in share price is less than the increase in shares outstanding. But why would th Show less Read more
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