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Silverback Therapeutics (NASDAQ:SBTX) Shares Down 1.9% - Here's What Happened

Silverback Therapeutics logo with Medical background

Silverback Therapeutics, Inc. (NASDAQ:SBTX - Get Free Report) shares were down 1.9% during trading on Wednesday . The stock traded as low as $17.19 and last traded at $17.56. Approximately 972,931 shares traded hands during trading, an increase of 188% from the average daily volume of 337,931 shares. The stock had previously closed at $17.90.

Silverback Therapeutics Stock Down 2.3%

The stock has a 50-day moving average of $15.50 and a 200 day moving average of $13.62. The stock has a market cap of $646.16 million, a PE ratio of -7.40 and a beta of 0.60.

Silverback Therapeutics Company Profile

(Get Free Report)

Silverback Therapeutics, Inc, a biopharmaceutical company, develops tissue-targeted therapeutics for the treatment of chronic viral infections, cancer, and other serious diseases. The company offers SBT8230 to treat chronic hepatitis B virus infection by eliciting an anti-viral immune response by targeting TLR8 activation to the liver.

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