Why Shares of Lantronix Fell Sharply on Thursday
Shares of Internet of Things (IoT) solutions company Lantronix (NASDAQ: LTRX) took a hit on Thursday. Shares fell as much as 16.2%. But as of about 3:30 p.m. ET, the stock was down 11.3%.
The growth stock's decline was likely due to news that Lantronix was issuing stock to raise capital.
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Source Fool.com
