Here’s why Senseonics Holdings, Inc. (SENS) stock is acting this way in the pre-market session

Senseonics Holdings, Inc. (NYSE American: SENS) stock is down -6.7% to $0.1050 after a vast 31.67% surge on the previous close.

What they do…

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The medical technology company Senseonics Holdingshelps people with diabetes a confident life by designing, developing, and commercializing transformational glucose monitoring products. Senseonics’ CGM systems include a small implant that is completely embedded under the skin and communicates with a flexible transmitter worn over the implant. The glucose readings are sent automatically every 5 minutes to a smartphone app on the user’s device.

Read More

What happened recently…

On Monday, January 18, 2021, Senseonics Holdings, Inc. (NYSE American: SENS) has reported that it has entered into securities purchases with a variety of health-care-driven and other institutional investors to acquire 40.000.000 shares of their mutual shareholding, to create and promotion of long-term, implantable continuous glucose monitoring (CGM) systems.

H.C. Wainwright & Co. serves as the sole offering placement agent.

Gross income is estimated to amount to $50.0 million due to the deduction of placement consultant fees and other offering expenditures. The organization plans to use the net profits for general purposes. On or about January 21, 2021, the registered direct bid is scheduled to expire, subject to customary closing conditions.

Conclusion

It has to be seen that Senseonics Holdings, Inc. (NYSE American: SENS) is down in the early morning today on this news, or it is just giving back some of what it gained on Friday.

Related posts