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Stock impact report

G1 Therapeutics' stock drops on heavy volume after stock offering [MarketWatch]

G1 Therapeutics, Inc. (GTHX) 
Last g1 therapeutics, inc. earnings: 2/26 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
G1 Therapeutics' stock drops on heavy volume after stock offering Shares of G1 Therapeutics Inc. GTHX, -8.64% dropped 8% in active morning trade Wednesday, after the biopharmaceutical company announced the pricing of its common stock offering at a discount. Trading volume topped 800,000 shares, compared with the full-day average of about 195,600 shares. The company said overnight that its 3 million share offering, which represents about 9% of the shares outstanding, at $60 a share, which was 4.7% below Tuesday's closing price of $62.94, to raise $180 million. Despite the decline, the stock has nearly tripled (up 192%) year to date, while the iShares Nasdaq Biotechnology ETF IBB, +0.04% has gained 10% and the S&P 500 SPX, +0.11% has climbed 8.7%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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