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Renovaro (NASDAQ:RENB) Shares Down 1.3% - Here's Why

Renovaro logo with Medical background

Renovaro Inc. (NASDAQ:RENB - Get Free Report) shares fell 1.3% during mid-day trading on Monday . The company traded as low as $0.28 and last traded at $0.29. 1,789,053 shares changed hands during trading, an increase of 15% from the average session volume of 1,559,300 shares. The stock had previously closed at $0.29.

Renovaro Price Performance

The stock has a fifty day moving average price of $0.33 and a 200-day moving average price of $0.61.

Hedge Funds Weigh In On Renovaro

A number of institutional investors have recently bought and sold shares of RENB. ProShare Advisors LLC acquired a new stake in shares of Renovaro in the fourth quarter worth $27,000. Voya Investment Management LLC purchased a new stake in Renovaro in the fourth quarter valued at $30,000. The Manufacturers Life Insurance Company acquired a new stake in Renovaro during the 4th quarter worth about $38,000. Price T Rowe Associates Inc. MD raised its stake in shares of Renovaro by 183.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,198 shares of the company's stock valued at $38,000 after buying an additional 29,253 shares during the last quarter. Finally, Corebridge Financial Inc. lifted its holdings in shares of Renovaro by 114.8% in the 4th quarter. Corebridge Financial Inc. now owns 57,495 shares of the company's stock valued at $48,000 after buying an additional 30,727 shares during the period. 71.41% of the stock is owned by hedge funds and other institutional investors.

Renovaro Company Profile

(Get Free Report)

Renovaro Inc, a pre-clinical stage biotechnology company, engages in the research and development of pharmaceutical and biological products for the human treatment of human immunodeficiency virus (HIV), hepatitis B virus (HBV), and cancer in the United States. The company's product pipeline includes RENB-HV-01 for autologous HIV curative treatment; RENB-HV-12, a therapeutic HIV vaccine; and RENB-HB-01, a gene therapy curative treatment for HBV.

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