Nutriband (NASDAQ:NTRBW) Shares Up 1.3% – Here’s What Happened

Shares of Nutriband Inc. (NASDAQ:NTRBWGet Free Report) traded up 1.3% during trading on Monday . The company traded as high as $1.07 and last traded at $0.78. Approximately 3,314 shares changed hands during trading, an increase of 47% from the average session volume of 2,257 shares. The stock had previously closed at $0.77.

Nutriband Price Performance

The company’s 50-day simple moving average is $1.17 and its two-hundred day simple moving average is $1.35.

Institutional Investors Weigh In On Nutriband

An institutional investor recently bought a new stake in Nutriband stock. Empery Asset Management LP purchased a new stake in shares of Nutriband Inc. (NASDAQ:NTRBWFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,218 shares of the company’s stock, valued at approximately $65,000. Nutriband makes up about 0.1% of Empery Asset Management LP’s investment portfolio, making the stock its 20th biggest position.

About Nutriband

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Nutriband Inc develops a portfolio of transdermal pharmaceutical products. Its lead product in development is AVERSA fentanyl, an abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain requiring around the clock opioid therapy. The company also develops other products, which include AVERSA buprenorphine and AVERSA methylphenidate; exenatide for type 2 diabetes; and follicle stimulating hormone for infertility.

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