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Stock impact report

Here's Why bluebird bio, Inc. Is Down Today [The Motley Fool]

bluebird bio, Inc. (BLUE) 
Last bluebird bio, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.bluebirdbio.com/investor-overview
Company Research Source: The Motley Fool
The biotech keeps feeding its coffers. Brian Orelli ( TMFBiologyFool ) Jul 24, 2018 at 3:38PM What happened Shares of bluebird bio ( NASDAQ:BLUE ) are down 7.7% as of 3:15 p.m. EDT. They were down as much as 10% after the company announced yesterday afternoon that it plans to sell shares worth $400 million, which could be increased by 15% if the underwriters use their 30-day option to purchase additional shares. So what Secondary offerings are a fact of life for investors in biotech companies. It's a rare feat for a company to raise enough money through venture capital and its initial public offering to get a drug approved, then generate enough revenue to support the development of the rest of its pipeline. Most companies have to sell additional shares through secondary offerings -- usually multiple times. The trick is to find biotechs that Show less Read more
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