Caring Brands (NASDAQ:CABR) Shares Down 0.4% – Here’s Why

Shares of Caring Brands, Inc. (NASDAQ:CABR) dropped 0.4% on Thursday . The stock traded as low as $0.7601 and last traded at $0.8663. Approximately 31,941 shares changed hands during trading, a decline of 52% from the average daily volume of 66,426 shares. The stock had previously closed at $0.8701.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Caring Brands in a research note on Monday, January 26th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Caring Brands presently has a consensus rating of “Sell”.

Caring Brands Stock Down 0.4%

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Caring Brands stock. Jane Street Group LLC purchased a new stake in Caring Brands, Inc. (NASDAQ:CABR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,446 shares of the company’s stock, valued at approximately $30,000. Jane Street Group LLC owned 0.25% of Caring Brands as of its most recent filing with the SEC.

About Caring Brands

We are a wellness consumer products company. We offer several over-the-counter, or (OTC) and cosmetic, consumer products. Our method of operation is to ensure that (1) the mechanism of action of all products is established, (2) efficacy is determined through controlled clinical trials, (3) products are protected by issued and filed patents, and (4) products have acceptable commercial stability. Prior to its Q3 2022 commercial launch in India as a treatment for vitiligo and psoriasis, Photocil was briefly launched in the United States markets from December 2022 until February 2023, however, was subsequently removed from the market due to insufficient sales resulting from the lack of a dedicated sales and marketing team.