By Stephen NakrosisMicrobot Medical's shares dropped after a $2.66 million registered direct offering priced at-the-market. The company's stock fell 26.8% to $2.35 at 3:33 p.m. The stock climbed to as high as $3.47 per share before retreating. A total of 13.2 million shares changed hands, about 17 times the 52-week average on a percentage basis. The stock is down 21% this year and 51% in the last 12 months.

Source: Wall Street Journal May 24, 2023 06:48 UTC