Personalis, Inc. (PSNL)’s Stock Price Precipitously Declines
On June 20, 2019, Personalis completed its IPO offering shares at $17.00 and raising $140 million in gross proceeds. Four days after the IPO, Personalis stock was trading as high as $31.88 per share. However, by April 27, 2020, shares of Personalis closed at $10.31 per share, representing a decline of almost 40% from its IPO price and a decline of 67% from its record high of $31.88 per share. The stock has yet to recover.