Why Aditxt Stock Is Crashing Today

Aditxt, Inc. ADTXshares are trading lower Friday after the company announced a $10 million private placement priced at-the-market under Nasdaq rules.

The Details:

After the market close on Thursday, Aditxt announced that it had entered into definitive agreements for the purchase and sale of 1,000,000 shares of common stock at a price of $10.00 per share in a private placement.

Aditxt shares have been volatile this week with the stock being halted multiple times and gaining more than 500% at its intraday high on Thursday.

Shares of ADTX are grabbing the attention of retail investors and short-sellers alike. The stock is currently one of the top trending tickers on Yahoo! Finance and Stocktwits, and 54.38% of available shares are being sold short, according to Benzinga Pro.

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ADTX Price Action: According to Benzinga Pro,

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