Regencell Bioscience Holdings Limited (NASDAQ:RGC – Get Free Report) shares traded up 7% on Tuesday. The stock traded as high as $7.90 and last traded at $7.75. Approximately 186,897 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 284,048 shares. The stock had previously closed at $7.24.
Analyst Ratings Changes
A number of research firms recently commented on RGC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Regencell Bioscience in a report on Monday, September 21st. Wall Street Zen downgraded Regencell Bioscience from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on Regencell Bioscience
Regencell Bioscience Price Performance
Hedge Funds Weigh In On Regencell Bioscience
A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of Regencell Bioscience by 59,113.8% in the first quarter. Bank of America Corp DE now owns 17,172 shares of the company’s stock worth $437,000 after purchasing an additional 17,143 shares during the period. Amundi bought a new stake in Regencell Bioscience during the 1st quarter valued at approximately $219,000. Finally, Seven Fleet Capital Management LP purchased a new stake in Regencell Bioscience in the fourth quarter worth about $92,000. 0.13% of the stock is owned by institutional investors.
Regencell Bioscience Company Profile
Regencell Bioscience Holdings Limited is a clinical-stage biotechnology company focused on developing traditional Chinese medicine (TCM) treatments for neurocognitive disorders and degenerative conditions. Its research has centered primarily on conditions such as dementia and attention-deficit/hyperactivity disorder (ADHD), with the goal of developing herbal formulations that may address underlying symptoms and disease-related challenges.
The company’s product development programs include proprietary TCM formulations intended for neurological and cognitive conditions.
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