In March 2023, Weebit Nano Limited (ASX: WBT) experienced notable fluctuations in its share price. At the beginning of the month, the stock was trading above A$7. However, by March 22, it had declined to A$5.54. Subsequently, on March 23, the price dropped further to an intraday low of A$5.72 .This decline coincided with the company's announcement of a fully underwritten institutional placement at A$5.00 per share, representing a 9.7% discount to the last closing price and a 30.2% discount to the five-day volume-weighted average price (VWAP) of A$7.16 .Therefore, during Marh 2023, WBT's share price ranged approximately between A$5.00 and A$7.16.
Don't believe that it got to $9!
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