Why Is It Moving? Looking Into Why Vir Biotechnology's Stock is Trading Higher Today

The Price And Volume Action In Vir Biotechnology's Stock Today

Vir Biotechnology's VIR stock has been rising Wednesday, up 3.08% to a price of $40.72. The stock's current volume for the day is 90.70 thousand, which is approximately 8.08% of its previous 30-day average volume of 1.12 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Vir Biotechnology shares are trading higher after HC Wainwright & Co maintained a Buy rating on the stock and raised its price target from $100 to $125.

Further Analysis of Recent Price Action

The stock's 50-day moving average was $30.08 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $75.0 and fallen to a low of $16.0.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.