Regencell Bioscience (NASDAQ:RGC) Shares Gap Down – Should You Sell?

Regencell Bioscience Holdings Limited (NASDAQ:RGCGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $41.42, but opened at $36.08. Regencell Bioscience shares last traded at $44.21, with a volume of 408,707 shares trading hands.

Regencell Bioscience News Roundup

Here are the key news stories impacting Regencell Bioscience this week:

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Regencell Bioscience in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Regencell Bioscience presently has an average rating of “Sell”.

Read Our Latest Stock Report on RGC

Regencell Bioscience Price Performance

The business’s fifty day moving average price is $18.47 and its two-hundred day moving average price is $16.43.

Institutional Trading of Regencell Bioscience

Hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new position in Regencell Bioscience during the 2nd quarter worth $1,701,000. Geode Capital Management LLC boosted its holdings in Regencell Bioscience by 5,637.5% in the second quarter. Geode Capital Management LLC now owns 391,066 shares of the company’s stock worth $6,664,000 after acquiring an additional 384,250 shares in the last quarter. Greenfield Savings Bank purchased a new stake in shares of Regencell Bioscience during the second quarter worth about $187,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Regencell Bioscience during the second quarter worth about $222,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Regencell Bioscience during the second quarter valued at about $768,000. Hedge funds and other institutional investors own 0.13% of the company’s stock.

Regencell Bioscience Company Profile

(Get Free Report)

Regencell Bioscience Holdings Limited operates a Traditional Chinese medicine (TCM) bioscience company. It focuses on the research, development, and commercialization of TCM for the treatment of neurocognitive disorders and degeneration, primarily attention deficit hyperactivity disorder and autism spectrum disorder. The company was incorporated in 2014 and is headquartered in Causeway Bay, Hong Kong.

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