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home / news releases / PAVM - Why PAVmed Stock Plummeted on Wednesday


PAVM - Why PAVmed Stock Plummeted on Wednesday

Specalty medical-device maker PAVmed (NASDAQ: PAVM) didn't make for a great stock on Wednesday. The company's shares were rocked by an investor sell-off that sent their price down by nearly 13%. This followed the announcement of a new financing effort.

PAVmed filed a shelf-registration statement with the Securities and Exchange Commission earlier in the day. This is a document that reveals that a company intends to raise financing through the issuance of new equity, debt, or a combination of the two.

Image source: Getty Images.

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Why PAVmed Stock Plummeted on Wednesday
Stock Information

Company Name: PAVmed Inc.
Stock Symbol: PAVM
Market: NASDAQ
Website: pavmed.com

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