Akari Therapeutics (NASDAQ:AKTX) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Akari Therapeutics, Plc (NASDAQ:AKTXGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.24 and traded as low as $1.06. Akari Therapeutics shares last traded at $1.09, with a volume of 37,485 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Akari Therapeutics in a research note on Friday. They issued a “sell” rating for the company.

View Our Latest Stock Report on AKTX

Akari Therapeutics Price Performance

The firm has a 50 day moving average of $1.15 and a 200-day moving average of $2.23.

Akari Therapeutics Company Profile

(Get Free Report)

Akari Therapeutics, Plc, a clinical-stage biopharmaceutical company, focuses on developing advanced therapies for autoimmune and inflammatory diseases. Its lead product candidate is nomacopan, a second-generation complement inhibitor that prevents inflammatory and prothrombotic activities, including paroxysmal nocturnal hemoglobinuria, Guillain-Barré syndrome, hematopoietic stem cell transplant-associated thrombotic microangiopathy, and bullous pemphigoid, as well as pre-clinical program developing long-acting PASylated-nomacopan for treatment of geographic atrophy secondary to dry age-related macular degeneration.

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