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IPSEN (OTCMKTS:IPSEY) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

IPSEN logo with Medical background

Key Points

  • IPSEN's share price recently exceeded its 200-day moving average of $30.70, reaching as high as $33.93 before last trading at $33.60.
  • Despite the upward movement in share price, IPSEN saw a 1.6% decrease in stock value during trading.
  • The company is actively involved in multiple clinical trials across oncology, neuroscience, and rare diseases, with several products in various stages of development.
  • MarketBeat previews top five stocks to own in November.

IPSEN (OTCMKTS:IPSEY - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.70 and traded as high as $33.93. IPSEN shares last traded at $33.60, with a volume of 1,357 shares trading hands.

IPSEN Stock Down 1.6%

The business's 50 day moving average is $33.36 and its 200-day moving average is $30.70.

IPSEN Company Profile

(Get Free Report)

Ipsen SA operates as a biopharmaceutical company worldwide. The company provides drugs in the areas of oncology, neuroscience, and rare diseases. Its product pipeline comprises Cabometyx + Atezolizumab, which is in phase III clinical trial for the treatment of second line metastatic castration-resistant prostate cancer; lenalidomide and rituximab, and Taverik, which is in phase III for the treatment of second line follicular lymphoma; Bylvay, which is in phase III for the treatment of biliary atresia; Dysport, which is in phase III clinical trial for the treatment of chronic and episodic migraine; Fidrisertib, which is in phase II clinical trial for the treatment of fibrodysplasia ossificans progressiva; Elafibranor, which is in phase II for the treatment of primary sclerosing cholangitis, as well as IPN60250; IPN10200, which is in phase II for the treatment of longer-acting neurotoxin aesthetics and therapeutics; IPN60210, which is in phase I clinical trial for the treatment of relapsed/refractory multiple myeloma; and IPN60260 for the treatment of Viral cholestatic disease and is in phase I clinical trial.

Further Reading

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