Citi reiterates buy rating on Arcus Biosciences after stock drops 20%

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Go back to Citi reiterates buy rating on Arcus Biosciences after stock drops 20%

Arcus Biosciences Announces Commencement of Public Offering of Common Stock

October 21, 2026 4:22 PM EDT

HAYWARD, Calif.--(BUSINESS WIRE)-- Arcus Biosciences, Inc. (NYSE: RCUS), a late clinical-stage biopharmaceutical company focused on developing differentiated molecules and combination therapies for the treatment of cancer and immune diseases, today announced that it has commenced an underwritten public offering of its common stock. All of the shares of common stock are being offered by Arcus Biosciences. In addition, Arcus Biosciences intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering. The offering is subject... More