Why Dynavax Stock Is Nosediving Today

Why Dynavax Stock Is Nosediving Today

Shares of Dynavax Technologies (NASDAQ: DVAX) were nosediving 18.1% lower as of 11:42 a.m. EDT on Monday. The key word to note in Dynavax's announcement is "convertible." Issuing convertible notes is a common practice for companies, though.