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Inventiva (NASDAQ:IVA) Trading 4.3% Higher - What's Next?

Inventiva logo with Medical background

Key Points

  • Inventiva S.A. Sponsored ADR (NASDAQ:IVA) saw its stock rise by 4.3%, reaching a peak of $4.79 before closing at $4.66, despite lower trading volume compared to previous sessions.
  • Institutional investors are showing interest, with Wealth Enhancement Advisory Services LLC acquiring approximately 10,715 shares valued at around $32,000, adding to the overall institutional ownership of the company which stands at 19.06%.
  • As a clinical-stage biopharmaceutical company, Inventiva is primarily focused on developing therapies for non-alcoholic steatohepatitis (NASH), with its lead candidate, Lanifibranor, currently undergoing Phase III clinical trials.
  • Looking to export and analyze Inventiva data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Inventiva S.A. Sponsored ADR (NASDAQ:IVA - Get Free Report) shot up 4.3% on Monday . The stock traded as high as $4.79 and last traded at $4.66. 21,740 shares changed hands during trading, a decline of 31% from the average session volume of 31,426 shares. The stock had previously closed at $4.47.

Inventiva Stock Performance

The company's fifty day moving average price is $3.47 and its two-hundred day moving average price is $3.28.

Hedge Funds Weigh In On Inventiva

An institutional investor recently bought a new position in Inventiva stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Inventiva S.A. Sponsored ADR (NASDAQ:IVA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 10,715 shares of the company's stock, valued at approximately $32,000. Institutional investors and hedge funds own 19.06% of the company's stock.

About Inventiva

(Get Free Report)

Inventiva SA, a clinical-stage biopharmaceutical company, focuses on the development of oral small molecule therapies for the treatment of non-alcoholic steatohepatitis (NASH) and other diseases. Its lead product candidate is Lanifibranor, which is in Phase III clinical trial to treat NASH. The company also develops Odiparcil for the treatment of patients with mucopolysaccharidoses type VI.

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