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Why BridgeBio Pharma's Stock is Up During Today's Session

February 12, 2021 9:54 am
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BridgeBio Pharma's Stock Price And Volume Action

BridgeBio Pharma's (NASDAQ:BBIO) stock has been rising Friday, up 1.93% to a price of $69.41. Friday the stock has been traded at a volume of 168.46 thousand, about 15.71% of its recent 30-day volume average of 1.07 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: BridgeBio Pharma shares are trading lower after the company reported a 3 million share common stock offering via selling shareholders.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $63.63 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $73.5 and as low as $14.23.

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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