Dyax Corp. (DYAX) announced after the close Monday that it is offering to sell 7,000,000 shares of its common stock in a proposed underwritten public offering. The stock is now down 1.11 on 209K shares.
Dyax climbed for the majority of Monday's session and closed up by 1.56 at $28.61 on above average volume. The stock set its third consecutive new high for the year.
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