Advertisement

Why Dynavax Technologies Stock Is Sinking Again Today

Why Dynavax Technologies Stock Is Sinking Again Today

Shares of Dynavax Technologies (NASDAQ: DVAX) were trading 5.4% lower as of 11:22 a.m. EDT on Tuesday. The decline came after the company announced the pricing of a $200 million offering of senior convertible notes. This represents a 32.5% premium over the closing price of the biotech stock on Monday.