Akari Therapeutics (NASDAQ:AKTX) Shares Cross Below 200-Day Moving Average – Time to Sell?

Akari Therapeutics, Plc (NASDAQ:AKTXGet Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.71 and traded as low as $1.38. Akari Therapeutics shares last traded at $1.46, with a volume of 18,126 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Akari Therapeutics in a research note on Wednesday. They issued a “sell” rating on the stock.

Read Our Latest Stock Report on AKTX

Akari Therapeutics Stock Performance

The firm has a 50-day moving average of $1.13 and a 200-day moving average of $1.70.

About Akari Therapeutics

(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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