BeyondSpring (NASDAQ:BYSI) Shares Down 1.4% – Here’s Why

BeyondSpring Inc. (NASDAQ:BYSIGet Free Report) shares traded down 1.4% during mid-day trading on Friday . The stock traded as low as $1.71 and last traded at $1.71. 4,718 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 15,068 shares. The stock had previously closed at $1.74.

BeyondSpring Stock Down 1.4 %

The company’s fifty day moving average is $1.69 and its 200 day moving average is $1.96.

Institutional Trading of BeyondSpring

A hedge fund recently bought a new stake in BeyondSpring stock. Renaissance Technologies LLC bought a new stake in BeyondSpring Inc. (NASDAQ:BYSIFree Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,500 shares of the company’s stock, valued at approximately $30,000. Institutional investors own 40.29% of the company’s stock.

BeyondSpring Company Profile

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BeyondSpring Inc, a clinical stage biopharmaceutical company, together with its subsidiaries, focuses on the development of cancer therapies. The company's lead asset is the Plinabulin, a selective immunomodulating microtubule-binding agent that has completed Phase III clinical trials for treatment of non-small cell lung cancer (NSCLC); and as an anti-cancer agent, as well as for the prevention of chemotherapy-induced neutropenia.

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