Genta Shares Skyrocket Again Following Stock Offering Deal
Shares of Genta (GNTA) exploded today ending at $1.10 a share, up almost 40%. This is the second big jump in its share price in a row following Tuesday's announcement of positive results of its clinical trials.
Today's action was fueled by the announcement that the company has registered to sell 20 million shares for $16 million through a deal with institutional investors.
This is surely a confidence booster as the company awaits an FDA panel decision in late October.
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Shares of Genta (GNTA) exploded today ending at $1.10 a share, up almost 40%. This is the second big jump in its share price in a row following Tuesday's announcement of positive results of its clinical trials.
Today's action was fueled by the announcement that the company has registered to sell 20 million shares for $16 million through a deal with institutional investors.
This is surely a confidence booster as the company awaits an FDA panel decision in late October.
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posted by Nico at
7:39 PM
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