Akari Therapeutics (NASDAQ:AKTX) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Akari Therapeutics, Plc (NASDAQ:AKTXGet Free Report)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.28 and traded as high as $1.35. Akari Therapeutics shares last traded at $1.31, with a volume of 16,751 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Akari Therapeutics in a research report on Wednesday, May 21st. They set a “sell” rating for the company.

Read Our Latest Stock Analysis on Akari Therapeutics

Akari Therapeutics Stock Performance

The business has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.19.

Akari Therapeutics Company Profile

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Akari Therapeutics, Plc, a clinical-stage biopharmaceutical company, focuses on developing advanced therapies for autoimmune and inflammatory diseases. Its lead product candidate is nomacopan, a second-generation complement inhibitor that prevents inflammatory and prothrombotic activities, including paroxysmal nocturnal hemoglobinuria, Guillain-Barré syndrome, hematopoietic stem cell transplant-associated thrombotic microangiopathy, and bullous pemphigoid, as well as pre-clinical program developing long-acting PASylated-nomacopan for treatment of geographic atrophy secondary to dry age-related macular degeneration.

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