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Why Acadia Pharmaceuticals Stock Rose 20.8% Yesterday

Daniel Collins
Updated
Why Acadia Pharmaceuticals Stock Rose 20.8% Yesterday

On November 28, Acadia Pharmaceuticals (ACAD) stock closed at $20.53, which represents a ~20.76% rise from its close of $17.00 on November 27. On November 27, Acadia Pharmaceuticals announced a price of $17.00 per share for an underwritten public offering of 16,176,471 shares of its common stock. Acadia Pharmaceuticals’ net revenue in the first nine months of the year amounted to $164.2 million compared to $81.3 million in the same period last year.

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