Home / Healthcare / Health Care Sector Feels Weight of 5.54% Slide in Early Trading of Northwest Biotherapeutics Inc. (NWBO) on September 22

Health Care Sector Feels Weight of 5.54% Slide in Early Trading of Northwest Biotherapeutics Inc. (NWBO) on September 22

Northwest Biotherapeutics Inc. (NWBO) started the trading day on a down note, making it one of the worst performing stocks in the health care sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of NWBO have fallen 5.54% about 30 minutes into the session to $0.6 after closing the day prior at $0.63. It’s early, but the stock has traded as high as $0.64 and as low as $0.59 so far. Today’s quick decline has come with about 401,466 shares changing hands, compared to an average 30-day volume of 3.39 million for Northwest Biotherapeutics Inc.. The price is currently below the 30-day volume weighted average price of $0.6 for NWBO.

The share depreciation gives the company a market capitalization of $71.66 million based upon 113.74 million shares outstanding. It also means that NWBO has a price-to-book ratio of :1.

In the past 52 weeks, shares of NWBO have traded as low as $0.32 and as high as $7.6. Technical traders will take note that at $0.6, shares of NWBO are trading below their 200-day MA at $1.43 and above their 50-day MA at $0.43. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is NWBO?

Northwest Biotherapeutics Inc is a development stage biotechnology company engaged in the development of immunotherapy products to treat cancers more effectively than current treatments, without toxicities of the kind associated with chemotherapies. The company’s 12 employees are led by CEO Linda F Powers from the corporate headquarters at 4800 Montgomery Lane in Bethesda, MD.

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