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Why Metacrine's Stock is Trading Higher Today

January 19, 2021 10:52 am
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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.

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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