JOYY, Akebia Therapeutics, Microchip Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
1. AKBA shares fell 26.2% to $2.09 in pre-market trading. 2. Company priced a $50 million public offering at $2 per share. 3. Public offering may dilute existing shareholders' value. 4. Market sentiment is currently bearish due to overall stock decline. 5. Future performance may depend on successful execution of offering.