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Silverback Therapeutics (NASDAQ:SBTX) Stock Price Down 6.8% - Here's Why

Silverback Therapeutics logo with Medical background

Silverback Therapeutics, Inc. (NASDAQ:SBTX - Get Free Report)'s stock price dropped 6.8% during mid-day trading on Monday . The company traded as low as $14.40 and last traded at $14.43. Approximately 1,860,935 shares changed hands during mid-day trading, an increase of 451% from the average daily volume of 337,931 shares. The stock had previously closed at $15.49.

Silverback Therapeutics Stock Up 0.5%

The stock has a market capitalization of $523.92 million, a PE ratio of -6.00 and a beta of 0.60. The stock has a fifty day moving average of $13.85 and a 200-day moving average of $12.75.

About Silverback Therapeutics

(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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