LTRY - Lottery.com falls for ninth consecutive day as investors digest 30.1M share offering

Lottery.com (LTRY -15.4%) has been one of the worst performers in the consumer cyclical category as shares fell for a ninth-consecutive trading session Monday. Shares are trading down 48% over the past 5 days after the company filed a form S-1 detailing the issuance of 30.1M new shares and a secondary offering consisting of 25.4M shares. The stock saw a brief surge early in November after it said it was developing a blockchain-based gaming platform but has been trending downward ever since then. Seeking Alpha contributor Vince Martin was one of the investors who questioned Lottery.com's potential upside ahead of its SPAC merger.

For further details see:

Lottery.com falls for ninth consecutive day as investors digest 30.1M share offering