REalloys is trading at $9.29 (-5.16%) as the stock faces significant selling pressure following news of an upsized capital raise.
- MarketWatch reported the pricing of an upsized $50 million share offering, which is weighing on the stock price.
- The decline coincides with a broader risk-off session across Wall Street, characterized by a 1.57% drop in the Nasdaq Composite.
- Shares opened weak and have continued to trend lower throughout the session as tech sector weakness persists.