PureTech Health (NASDAQ:PRTC) Shares Gap Down to $35.25

PureTech Health plc (NASDAQ:PRTCGet Rating) shares gapped down before the market opened on Friday . The stock had previously closed at $35.25, but opened at $31.01. PureTech Health shares last traded at $31.01, with a volume of 10 shares changing hands.

PureTech Health Trading Down 5.0 %

The stock has a fifty day moving average of $32.30 and a 200-day moving average of $28.79.

Hedge Funds Weigh In On PureTech Health

An institutional investor recently raised its position in PureTech Health stock. AWM Investment Company Inc. boosted its holdings in shares of PureTech Health plc (NASDAQ:PRTCGet Rating) by 2,100.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 660,000 shares of the company’s stock after acquiring an additional 630,000 shares during the quarter. AWM Investment Company Inc. owned 2.32% of PureTech Health worth $2,513,000 as of its most recent SEC filing. 0.25% of the stock is owned by institutional investors and hedge funds.

PureTech Health Company Profile

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PureTech Health plc, a clinical-stage biotherapeutics company, discovers, develops, and commercializes medicines for inflammatory, fibrotic and immunological, intractable cancers, lymphatic and gastrointestinal, neurological and neuropsychological, and other diseases in the United States. The company offers KarXT targeting muscarinic acetylcholine receptors to treat schizophrenia and psychosis in Alzheimer's disease; a regenerative biology platform for androgenetic alopecia, epithelial ageing, and other medical conditions; an immunomodulation platform to treat chronic and acute inflammatory disorders; oral therapies based on defined consortia of bacteria is isolated from the human microbiome; and therapies to treat cognitive dysfunction associated with depression, multiple sclerosis, post COVID and ICU, and cancer related conditions.

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