Creatd Inc (NASDAQ:CRTD) Stock Falls in Volatile Trade: Should You Buy?
There has been no news this week regarding Creatd Inc (NASDAQ:CRTD) but the stock went on a downward trend yesterday and ended up with a decline of as much as 13%. In this situation, it might be the right time for investors to perhaps figure out if the latest decline in the stock could actually be an opportunity to get into it.
The last major development that any potential investor needs to look into is the closure of the underwritten public offering from Creatd back on June 21, 2021. At that offering, the company offered as many as 750000 share of the Creatd common stock at a price of $3.50 a share. That made the total offering size worth $2.6 million.
However, that is not all. Creatd also made a grant of a 30 day option to the underwriters by way of which they could pick up as many as 112500 shares of the company’s common stock under the same price terms.
The lead book runner for the offering was Benchmark Company LLC. On the other hand, Brookline Capital Markets and Aegis Capital Corp worked in the capacity of co-managers for the whole transaction. It remains to be seen if the Creatd stock recovers today.
Market Reaction:
On Thursday, CRTD stock decreased 13% at $3.50 with more than 4.50 million shares, compared to its average volume of 2.40 million shares. The stock had moved within a range of $3.3000 – 4.1000 after opening the trade at $3.90. Over the past 52-week, the stock has been trading within a range of $2.1000 – 7.8100.
