Why Alterity's Stock Is Trading Lower Today

Alterity Therapeutics (NASDAQ:ATHE) shares are trading lower on Wednesday.

This is a potential sell-off after the stock increased over 200% yesterday following the company announcing it will present at two upcoming conferences and is expected to report positive data for its treatment for Parkinson's Disorder MSA.


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Alterity Therapeutics is engaged in research collaboration with Takeda for the treatment of Parkinson's disease gastrointestinal neuropathology. The company's lead drug candidate-PBT2 is being developed for the treatment of Alzheimer's and Huntington's diseases. It has also advanced a drug candidate for Parkinson's disease and other movement disorders (PBT434) and brain cancer (PBT519), which are in preclinical toxicology testing.

Alterity Therapeutics shares were trading down 15.47% to $2.90 at time of publication on Wednesday. The stock has a 52-week high of $5.15 and a 52-week low of 28 cents.

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