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Benzinga
Benzinga
Business
Akanksha Bakshi

HISTORICAL FACTS: Why is co diagnostics stock sinking tuesday - Caught on Camera

Female,Scientist,Working,In,The,Lab,,She,Is,Wearing,A

Co-Diagnostics, Inc. (NASDAQ:CODX) shares plunged over 50% on Tuesday after the company announced a $7 million direct offering and a new Saudi-based joint venture.

The selloff suggested investors were more focused on the prospect of near-term dilution than the company's longer-term global expansion plans.

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