Nutriband (NASDAQ:NTRBW) Stock Price Down 9.7% – Here’s Why

Nutriband Inc. (NASDAQ:NTRBWGet Free Report) traded down 9.7% on Thursday . The company traded as low as $1.40 and last traded at $1.40. 8,275 shares traded hands during mid-day trading, an increase of 183% from the average session volume of 2,922 shares. The stock had previously closed at $1.55.

Nutriband Stock Down 9.7%

The business’s fifty day moving average is $1.56 and its two-hundred day moving average is $1.71.

Institutional Investors Weigh In On Nutriband

An institutional investor recently bought a new position in Nutriband stock. Clear Street Group Inc. purchased a new stake in Nutriband Inc. (NASDAQ:NTRBWFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 61,590 shares of the company’s stock, valued at approximately $105,000.

Nutriband Company Profile

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Nutriband Inc develops a portfolio of transdermal pharmaceutical products. Its lead product in development is AVERSA fentanyl, an abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy. The company also develops other products, which include AVERSA buprenorphine and AVERSA methylphenidate; exenatide for type 2 diabetes; and follicle stimulating hormone for infertility.

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