Fortress Biotech, Inc. (NASDAQ:FBIOP – Get Free Report) shares passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $16.15 and traded as low as $15.78. Fortress Biotech shares last traded at $16.01, with a volume of 23,560 shares traded.
Fortress Biotech Stock Performance
The business’s 50-day moving average is $17.62 and its two-hundred day moving average is $16.15.
Fortress Biotech Company Profile
Fortress Biotech, Inc is a biopharmaceutical company focused on developing and commercializing medicines for serious and underserved diseases. Its research and development activities span oncology, immunology, infectious diseases, rare diseases and dermatology, with programs developed internally and through a network of subsidiary companies and strategic partners.
The company’s portfolio has included biologic therapies, small-molecule medicines and gene therapies. Fortress has supported the development of products such as cosibelimab, an investigational monoclonal antibody targeting PD-L1, as well as dermatology treatments developed through its Journey Medical subsidiary.
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