Prima BioMed (NASDAQ:IMMP - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.
Prima BioMed Trading Down 2.9%
Prima BioMed stock traded down $0.05 during midday trading on Friday, reaching $1.66. The company had a trading volume of 68,572 shares, compared to its average volume of 207,959. The firm's fifty day simple moving average is $1.79 and its 200-day simple moving average is $1.88. Prima BioMed has a 12-month low of $1.32 and a 12-month high of $2.80.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in Prima BioMed by 14.7% in the 1st quarter. Jane Street Group LLC now owns 51,574 shares of the biotechnology company's stock worth $91,000 after purchasing an additional 6,617 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Prima BioMed during the 4th quarter valued at approximately $36,000. Two Sigma Securities LLC purchased a new stake in shares of Prima BioMed during the 4th quarter valued at approximately $74,000. Finally, ABC Arbitrage SA purchased a new stake in shares of Prima BioMed during the 4th quarter valued at approximately $152,000. 2.32% of the stock is owned by hedge funds and other institutional investors.
Prima BioMed Company Profile
(
Get Free Report)
Immutep Limited, a clinical-stage biotechnology company, engages in developing novel LAG-3 Immunotherapy for cancer and autoimmune diseases. The company is involved in advancing therapeutics related to Lymphocyte Activation Gene-3 (LAG-3), a cell surface molecule that plays a vital role in regulating the immune system.
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