The pet product maker will use the net proceeds for general corporate and working capital purposes. Shares of the company sank 41% by Tuesday afternoon as trading volume jumped to 3.7 million from its daily average of 2.1 million.
Homology Medicines (FIXX) said the US Food and Drug Administration notified the company that its trial of HMI-102 in adults with phenylketonuria, an inherited disorder, was placed on clinical hold.
Shares fell 31% after trading volume surged to 2.6 million from its daily average of more than 460,000.
Home Depot (HD) reported higher fiscal fourth-quarter results that topped estimates but said uncertainty related to inflation, supply chain dynamics, and consumer spending would influence its fiscal 2022 guidance.
Shares dropped 9.3% as intraday trading volume advanced to 12.1 million shares from a daily average of around 4.2 million.
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