ATER - Here's Why Aterian Stock Is Crashing
A day after making big gains on renewed short-squeeze momentum, shares of Aterian (NASDAQ: ATER) stock are now plummeting in Thursday's trading. The company's share price was down roughly 18% in the daily session as of 12 p.m. EDT.
The big sell-off appears to be driven by news that the company has reached an agreement with lender High Trail to pay down $66.3 million in debt plus interest on that principal amount. Why would that trigger a sell-off? It's because Aterian is once again turning to sale of new shares as a way to strengthen the balance sheet.
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Here's Why Aterian Stock Is Crashing