Why Ardelyx Shares Are Falling


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


Ardelyx Inc (NASDAQ:ARDX) shares are trading lower by 17.03% to $2.67 Thursday morning after the company filed for a mixed shelf offering of up to $250 million.

Ardelyx says the company intends to use the net proceeds, if any, from this offering for general corporate purposes, which may include, among other things, activities associated with the commercialization of IBSRELA and XPHOZAH, if approved, conducting post-approval pediatric clinical studies for IBSRELA and XPHOZAH, if approved and working capital.

See Also: Why Allstate Stock Is Hitting The Brakes Today

According to data from Benzinga Pro, ARDX has a 52-week high of $3.43 and a 52-week low of $0.49.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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