🔴 AEVA is trading 5.3% down today as dilution from its $100 million offering weighs

AEVA is trading at $19.08, down 5.3%, as the stock continues to digest the dilution from its recent $100 million follow-on public offering.

• The downward trend began earlier in June following the announcement of the share issuance, which has weighed heavily on the stock's performance.
• Today's price action reflects continued market digestion and a softer overall technology tape rather than fresh company-specific news.
• The slide follows a short-lived rebound on June 25 as investors attempted to buy the dip after a sharp mid-week selloff.