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Why Is It Moving? Looking At Immunovant's Price Action Today

March 8, 2021 10:22 am
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The Price And Volume Action In Immunovant's Stock Today

Immunovant's (NASDAQ:IMVT) stock has been rising Monday, up 19.39% to a price of $17.25. Monday the stock has been traded at a volume of 3.85 million, about 183.51% of its recent 30-day volume average of 2.10 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Immunovant shares are trading higher after Roivant Sciences said it plans to propose a merger with Immunovant.

Insights On Recent Price Action

The stock's 50-day moving average was $33.12 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $53.75 and fallen to a low of $8.34.

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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