Why Is It Moving? Looking Into Why Brainstorm Cell's Stock is Trading Lower Today

Brainstorm Cell's Stock Price And Volume Action

Brainstorm Cell BCLI is currently down 32.95% to a price of $4.84. The stock's volume is currently 891.29 thousand, which is roughly 73.88% of its recent 30-day volume average of 1.21 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: BrainStorm shares are trading lower after the company announced the FDA concluded from their initial review that the current level of NurOwn clinical data does not provide the threshold of substantial evidence that FDA is seeking to support a biologics license application.

Further Analysis of Recent Price Action

The moving average price of the stock over the past 50 days was $5.61 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $17.95 and as low as $3.8.

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