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DBV Technologies SA - ADR (NASDAQ:DBVT) shares are trading lower by $22.00 (46 percent) at $26.07 in Monday's session.
Before the open, the company announced that a peanut allergy trial failed to meet its primary endpoint.
After a much lower, DBV continued in that direction before finally finding a bottom at $22.33 and reversed course. That low matches it Feb. 2016 low of $22.55. Since reaching that depressed level, it has continued to make new highs for the session. As of 11:35 a.m. ET, the high stands at $26.82.
Today's decline is taking place o much heavier than average volume, as over 8 million shares have traded compared to its 20-day average of 670,000.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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