BeyondSpring (NASDAQ:BYSI) Shares Down 1.4% – Time to Sell?

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

BeyondSpring Trading Down 1.4 %

The firm has a fifty day simple moving average of $1.69 and a 200-day simple moving average of $1.96.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BeyondSpring stock. Renaissance Technologies LLC bought a new position in BeyondSpring Inc. (NASDAQ:BYSIFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,500 shares of the company’s stock, valued at approximately $30,000. Institutional investors and hedge funds own 40.29% of the company’s stock.

About BeyondSpring

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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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