why is shph declining?

The stock price of SHPH has experienced a significant decrease from October 22 to October 26. The decline in Shuttle Pharmaceuticals (SHPH) stock price can be attributed to Recent Capital Raise and Dilution.

Shuttle Pharmaceuticals has recently undergone a capital raise, which often leads to a dilution of existing shares. Such events can lead to a negative perception among investors, as they might worry about the company's financial health and the use of the raised capital. This perception can result in a sell-off of shares, causing the stock price to fall.

SHPH Trend