Carmell (NASDAQ:CTCX) Trading Down 2.8% - What's Next?

Carmell Co. (NASDAQ:CTCX - Get Free Report)'s share price fell 2.8% during mid-day trading on Thursday . The stock traded as low as $2.38 and last traded at $2.45. 18,767 shares were traded during trading, a decline of 100% from the average session volume of 4,290,529 shares. The stock had previously closed at $2.52.

Carmell Trading Up 0.8%

The firm's fifty day moving average is $2.14 and its 200-day moving average is $0.93.

Institutional Investors Weigh In On Carmell

An institutional investor recently bought a new position in Carmell stock. Citadel Advisors LLC bought a new position in shares of Carmell Co. (NASDAQ:CTCX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 187,565 shares of the company's stock, valued at approximately $54,000. Citadel Advisors LLC owned about 0.90% of Carmell at the end of the most recent reporting period. 24.22% of the stock is owned by institutional investors and hedge funds.

Carmell Company Profile

Carmell Corporation operates as a bio-aesthetics company. The company utilizes Carmell Secretome to support skin and hair health. Its Carmell Secretome consists of growth factors and proteins extracted from allogeneic human platelets sourced from tissue banks. The company also developed a microemulsion formulation that enables delivery of lipophilic and hydrophilic ingredients without relying on the Foul Fourteen, 14 potentially harmful excipients that are commonly used by other companies to impart texture, stability, and other desirable physicochemical attributes to cosmetic products.