Forward Pharma A/S (NASDAQ:FWP) Stock Passes Below 50-Day Moving Average of $7.24

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Forward Pharma A/S (NASDAQ:FWP)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.24 and traded as low as $6.95. Forward Pharma A/S shares last traded at $7.01, with a volume of 4,330 shares trading hands.

The business’s 50 day moving average is $7.20 and its 200 day moving average is $6.96.

An institutional investor recently raised its position in Forward Pharma A/S stock. Renaissance Technologies LLC grew its position in Forward Pharma A/S (NASDAQ:FWP) by 54.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,755 shares of the biotechnology company’s stock after buying an additional 17,796 shares during the period. Renaissance Technologies LLC owned 0.75% of Forward Pharma A/S worth $357,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.88% of the company’s stock.

Forward Pharma A/S Company Profile (NASDAQ:FWP)

Forward Pharma A/S, a biopharmaceutical company, focuses on developing proprietary formulation of dimethyl fumarate for the treatment of inflammatory and neurological indications. The company was founded in 2005 and is headquartered in Copenhagen, Denmark.

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