Fortress Biotech (NASDAQ:FBIOP) Trading Up 6.4% – Here’s Why

Fortress Biotech, Inc. (NASDAQ:FBIOPGet Free Report)’s stock price was up 6.4% on Thursday . The stock traded as high as $9.03 and last traded at $9.01. Approximately 19,595 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 14,020 shares. The stock had previously closed at $8.47.

Fortress Biotech Price Performance

The business has a fifty day moving average of $7.89 and a 200 day moving average of $7.21.

About Fortress Biotech

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Fortress Biotech, Inc, a biopharmaceutical company, develops dermatology, pharmaceutical, and biotechnology products in the United States. The company markets dermatology products, such as Qbrexza a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane capsules for severe recalcitrant nodular acne; Amzeeq for severe acne vulgaris; Zilxi, a topical foam; Exelderm cream and solution for topical use; Targadox an oral doxycycline drug for adjunctive therapy for severe acne; Luxamend; sulconazole nitrate cream and solution for tinea cruris and tinea corporis; and doxycycline hyclate tablet.

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