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PureTech Health (NASDAQ:PRTC) Stock Price Down 7.3% - Here's Why

PureTech Health logo with Medical background

PureTech Health PLC Sponsored ADR (NASDAQ:PRTC - Get Free Report)'s share price traded down 7.3% during mid-day trading on Tuesday . The stock traded as low as $18.30 and last traded at $18.23. 1,697 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 4,917 shares. The stock had previously closed at $19.67.

PureTech Health Stock Up 1.0%

The firm's fifty day moving average price is $18.15 and its 200-day moving average price is $17.87.

Hedge Funds Weigh In On PureTech Health

An institutional investor recently bought a new position in PureTech Health stock. Millennium Management LLC purchased a new position in PureTech Health PLC Sponsored ADR (NASDAQ:PRTC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,264 shares of the company's stock, valued at approximately $823,000. Millennium Management LLC owned about 0.19% of PureTech Health at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.04% of the company's stock.

PureTech Health Company Profile

(Get Free Report)

PureTech Health plc, engages in the development and commercialization of biotechnology and pharmaceutical solutions in the United States. The company is developing LYT-100, which is under Phase 2 stage, to treat idiopathic pulmonary fibrosis (IPF); and LYT-200, a IgG4 monoclonal antibody, currently under Phase 1/2 stage, targeting galectin-9 for treating solid tumors and hematological malignancies.

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