Palatin Technologies, Inc. (NYSEAMERICAN:PTN – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $1.34. Palatin Technologies shares last traded at $1.28, with a volume of 470,292 shares traded.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a “buy” rating and issued a $17.00 price target on shares of Palatin Technologies in a research note on Wednesday, August 28th.
Palatin Technologies Stock Performance
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Palatin Technologies stock. Armistice Capital LLC bought a new position in Palatin Technologies, Inc. (NYSEAMERICAN:PTN – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 590,000 shares of the biopharmaceutical company’s stock, valued at approximately $2,348,000. Armistice Capital LLC owned approximately 4.29% of Palatin Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 11.50% of the company’s stock.
Palatin Technologies Company Profile
Palatin Technologies, Inc, a biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the United States. The company's lead product is Vyleesi, a melanocortin receptor (MCr) agonist for the treatment of premenopausal women with hypoactive sexual desire disorder.
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