Why Morphic Holding Stock Is Falling Today

Prosper Junior Bakiny, The Motley Fool
·2 min read
Why Morphic Holding Stock Is Falling Today

As of 11:10 a.m. EST, the biopharmaceutical company's stock is down by 13.6%. Second, the drugmaker announced a proposed public offering of common stock. After the close of Monday's trading session, Morphic Holding announced that it would offer $200 million of shares of its common stock in a public offering.