Nutriband (NASDAQ:NTRBW) Shares Down 5% – Here’s Why

Nutriband Inc. (NASDAQ:NTRBWGet Free Report) shares traded down 5% during mid-day trading on Thursday . The stock traded as low as $0.80 and last traded at $1.33. 210 shares traded hands during trading, a decline of 97% from the average session volume of 6,697 shares. The stock had previously closed at $1.40.

Nutriband Price Performance

The stock has a 50-day moving average of $1.87 and a 200 day moving average of $1.91.

Hedge Funds Weigh In On Nutriband

A hedge fund recently bought a new stake in Nutriband stock. Clear Street Group Inc. purchased a new position in shares of Nutriband Inc. (NASDAQ:NTRBWFree Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 61,590 shares of the company’s stock, valued at approximately $105,000.

Nutriband Company Profile

(Get Free Report)

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.

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