Why the stock of FibroGen is down during today’s session

FibroGen’s share price and volume action

FibroGen’s (NASDAQ: FGEN) the stock fell on Wednesday, down 35.34% to $ 22.25. The volume of the stock is currently 2.35 million, which is about 176.48% of its recent volume averaging 1.33 million.

Why it moves

Benzinga Pro’s latest news service shows some insight into what affects the stocks: FibroGen shares trade lower after the company reported that it became aware that primary cardiovascular safety analyzes of roxadustat include post-hoc changes to stratification factors.

Further analysis of recent price action

The 50 day moving average price of FibroGen’s share was $ 42.56 when this article was published. The stock has reached a high of $ 57.21 and a low of $ 30.77 over the past 52 weeks.

Benzinga Pro gives investors timely and accurate explanations of why a stock is moving. Sign in to receive real-time alerts explaining stock price movements. Click here to find out more.

Source