Why Metacrine's Stock is Trading Higher Today
The Price And Volume Action In Metacrine's Stock Today
Metacrine's (NASDAQ:MTCR) stock has been rising Tuesday, up 6.22% to a price of $9.59. The stock's volume is currently 25.50 thousand, which is roughly 31.99% of its recent 30-day volume average of 79.70 thousand.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Metacrine shares are trading higher after the company announced that the FDA granted fast track designation for its MET642 as a treatment of NASH.
Insights On Recent Price Action
The 50-day moving average price of Metacrine's stock was $8.79 when this article was published. The stock reached a high of $11.65 and a low of $7.64 in the past 52 weeks.
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