Why Evofem Biosciences' Stock Is Trading Lower Today

Evofem Biosciences EVFM shares are trading lower after the company priced its 50 million shares common stock offering at $1 per share.

Evofem Biosciences' stock has been falling Tuesday, down 35.86% to a price of $0.82. Tuesday the stock has been traded at a volume of 84.68 million, about 2239.77% of its recent 30-day volume average of 3.78 million.

The stock's 50-day moving average was $1.82 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $6.87 and fallen to a low of $1.12.

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