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
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US:NASDAQ Investor Relations:
ir.acelrx.com/investor-relations
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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
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ACRX
News
- AcelRx Announces Rebranding With Name Change to Talphera, Inc. [Yahoo! Finance]Yahoo! Finance
- AcelRx Announces Rebranding With Name Change to Talphera, Inc.PR Newswire
- AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
ACRX
Earnings
- 11/8/23 - Beat
ACRX
Sec Filings
- 1/9/24 - Form 8-K
- ACRX's page on the SEC website