Cyren Ltd (NASDAQ:CYRN) Stock Sees Profit Booking After The New Offerings News
The news about a success private placement of a company’s common share can often be a source of unease for investors since it may involve the issuance of new shares. Hence, it was no surprise that the Cyren Ltd (NASDAQ:CYRN) stock tanked yesterday after the company announced that it completed a private placement in which it issued 14,152,779 ordinary shares in addition to warrants that could help in buying up…