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

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

Vir Biotechnology's (NASDAQ: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.

 

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