Cibus Inc ( CBUS ) shares are trading lower by 27% to $3.69 Wednesday morning after the company announced the pricing of $12 million offering of 3 million shares at $4.00 per share.

The underwriters also have a 45-day option to purchase an additional 450,000 shares to cover over-allotments. The offering is expected to close on September 19, 2024.

Cibus ( CBUS ) plans to use the proceeds for developing new and improving existing seed traits, Trait Machine operations, and general corporate purposes. Roth Capital Partners and A.G.P./Alliance Global Partners are managing the offering.

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Should I Sell My CBUS Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Cibus ( CBUS ) have lost 79.67% year to date. This compares to the average annual return of -69.51%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

According to data from Benzinga Pro, CBUS has a 52-week high of $23.18 and a 52-week low of $4.26.