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Why Is It Moving? Looking Into Why Outlook Therapeutics's Stock is Trading Higher Today

February 4, 2021 11:43 am
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Why Is It Moving? Looking Into Why Outlook Therapeutics's Stock is Trading Higher Today

Outlook Therapeutics's Stock Price And Volume Action

Outlook Therapeutics (NASDAQ:OTLK) is currently up 17.68% to a price of $1.77. Thursday the stock has been traded at a volume of 13.91 million, about 449.99% of its recent 30-day volume average of 3.09 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Outlook Therapeutics shares are trading higher after the company announced it raised $35 million via equity to support ONS-5010 US application.

Perspective On Recent Price Action

The stock's 50-day moving average was $1.28 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $1.73 and fallen to a low of $0.5.

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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