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👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
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Bionano Genomics Inc (BNGO)

NASDAQ
Currency in USD
Disclaimer
0.7590
-0.0021(-0.28%)
Closed
After Hours
0.7600+0.0010(+0.1318%)

BNGO Comments

BNGO has filed for a $125 million mixed shelf offering. The value always drops when a company sells more stock.
whats the effect of this mixed shelf offering?
, so the company is making and selling more shares at times in the future (dates detailed in the offering documentation). Mixed shelf offerings are bad in the short-run for two reasons: 1) it adds more stock available for exchange thereby diluting the prior value of stock and 2) it sends a signal the company isn't sure it can make suitable profit by its goods and services.  I'm holding onto to this because I am curious to see what happens to it in 5, 10, 15, and 20 years, but I would be very surprised if it shoots up anytime soon. Maybe it will based on something I don't know. Mixed shelf offerings are good if the company can somehow prosper and thrive because of the additional stock sales. Time will tell.
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