Why AI Stock Ceva Was Sliding Hard This Week
The company raised fears of shareholder dilution.This was a week to forget for Ceva (CEVA +2.85%) and its investors. The specialty tech company announced a new round of capital-raising, and the market didn't take the news well. As of early afternoon Friday, according to data compiled by S&P Global Market Intelligence, Ceva's share price was down by more than 22% week-to-date.3 million reasons for concernAfter market hours Tuesday, Ceva announced it had priced a secondary share issue. The company is floating ...