Why Antares Shares Plunged Today

Before you go, we thought you'd like these...
Before you go close icon

Antares Pharma  (Nasdaq: ATRS) shares fell about 8% today after the company disclosed an equity offering of 12.5 million shares. Dilution is a way of life for many small pharmaceutical companies, and with today's announced capital raise, Antares will receive about $47 million in net cash, more than doubling its cash balance from the end of last quarter. While shareholders will be left holding a smaller piece of the pie, the company is approaching an important milestone in the first quarter of 2013, and today's move seemed like reasonable timing given the 80% run that shares have seen year to date. Follow along in the following video as Fool.com health care bureau chief Brenton Flynn discusses the Antares news in more detail.

Are you on the lookout for the next big up-and-coming stock? If so, check out our free video report: "3 Stocks To Own For The New Industrial Revolution." In it, you'll learn about and incredible technology that could disrupt the "Made in China" era forever. Claim your report by clicking here now.

 

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners