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Why Aptose Biosciences Stock Sank Today

TheMotleyFool

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Shares of Aptose Biosciences (NASDAQ: APTO) were sinking 13.7% lower as of 3:22 p.m. EDT on Thursday. The decline came after the company announced the pricing of a stock offering Wednesday evening.

Secondary stock offerings typically cause share prices to fall. That makes sense. The addition of new shares dilutes the value of existing shares.

Image source: Getty Images.

Source Fool.com

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