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Why Is It Moving? Looking Into Why Rhythm Pharmaceuticals's Stock is Trading Higher Today

January 26, 2021 10:35 am
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Why Is It Moving? Looking Into Why Rhythm Pharmaceuticals's Stock is Trading Higher Today

The Price And Volume Action In Rhythm Pharmaceuticals's Stock Today

Rhythm Pharmaceuticals's (NASDAQ:RYTM) stock is trading up 4.12% to a price of $40.86. Tuesday the stock has been traded at a volume of 633.20 thousand, about 154.8% of its recent 30-day volume average of 409.06 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Rhythm Pharmaceuticals shares are trading higher after the company announced positive data with setmelanotide in additional MC4R pathway deficiency-related obesities.

Perspective On Recent Price Action

The stock's 50-day moving average was $29.33 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $41.96 and fallen to a low of $12.99.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

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