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Why Zynex Stock Is Dropping Today

Why Zynex Stock Is Dropping Today

Shares of Zynex (NASDAQ: ZYXI), a medical device manufacturer, are down by 9.9% as of 11:23 a.m. EDT on Wednesday, after the company announced the pricing of a public offering of common stock after the market closed on Tuesday. Zynex's decision to sell additional shares isn't sitting well with investors. Zynex expects to sell 2.5 million shares for $22 per share in this public offering of common stock.