Progenity Inc (NASDAQ:PROG) Stock Slumps 32%: What’s The Buzz?
News of stock offerings can often have an adverse effect on a company’s stocks and that is what seemed to have happened with the Progenity Inc (NASDAQ:PROG) stock on Monday. The company announced yesterday that it had reached an agreement for the purpose of selling as much as $20 million worth of its shares to a range of institutional investors. However, the news did not go down well with shareholders…