Why Timber Pharmaceuticals, Inc. Common Stock Is Trading Higher Today
Timber Pharmaceuticals, Inc. Common Stock's Stock Price And Volume Action
Timber Pharmaceuticals, Inc. Common Stock's (AMEX:TMBR) stock has been rising Tuesday, up 11.7% to a price of $1.07. The stock's volume is currently 11.71 million, which is roughly 256.87% of its recent 30-day volume average of 4.56 million.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Timber Pharmaceuticals shares are trading higher after the company on Monday received FDA orphan drug designation for Sitaxentan for the treatment of Systemic Sclerosis.
Insights On Recent Price Action
The stock's 50-day moving average was $0.95 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $5.69 and fallen to a low of $0.67.
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