Cibus Inc (NASDAQ:CBUS) shares are trading lower by 27% to $3.69 Wednesday morning after the company announced the pricing of $12 million offering of 3 million shares at $4.00 per share.

The underwriters also have a 45-day option to purchase an additional 450,000 shares to cover over-allotments. The offering is expected to close on September 19, 2024.

Cibus plans to use the proceeds for developing new and improving existing seed traits, Trait Machine operations, and general corporate purposes. Roth Capital Partners and A.G.P./Alliance Global Partners are managing the offering.

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Should I Sell My CBUS Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Cibus have lost 79.67% year to date. This compares to the average annual return of -69.51%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

According to data from Benzinga Pro, CBUS has a 52-week high of $23.18 and a 52-week low of $4.26.