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Liminatus Pharma (NASDAQ:LIMN) Stock Price Down 7.1% - Time to Sell?

Liminatus Pharma logo with Manufacturing background

Key Points

  • Liminatus Pharma's stock fell 7.1% to $3.02, significantly below its 50-day moving average price of $6.52.
  • Trading volume decreased 72% compared to the average session, with only 645,888 shares traded.
  • Wall Street analysts downgraded Liminatus Pharma's rating from "hold" to "strong sell," indicating a bearish outlook for the stock.
  • Five stocks to consider instead of Liminatus Pharma.

Liminatus Pharma Inc. (NASDAQ:LIMN - Get Free Report) dropped 7.1% during mid-day trading on Wednesday . The company traded as low as $2.99 and last traded at $3.02. Approximately 645,888 shares changed hands during trading, a decline of 72% from the average daily volume of 2,273,840 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Liminatus Pharma from a "sell" rating to a "hold" rating in a report on Saturday.

View Our Latest Report on LIMN

Liminatus Pharma Stock Performance

The firm's 50-day moving average is $6.22.

About Liminatus Pharma

(Get Free Report)

Liminatus Pharma, Inc is a pre-clinical-stage immuno-oncology company, which engages in developing novel, immune-modulating cancer therapies. The company was founded on November 1, 2020 and is headquartered in La Palma, CA.

See Also

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