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Grail (NASDAQ:GRAL) Shares Gap Down - Here's What Happened

Grail logo with Medical background

Shares of Grail, Inc. (NASDAQ:GRAL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $52.58, but opened at $50.30. Grail shares last traded at $53.61, with a volume of 693,256 shares.

Analyst Ratings Changes

GRAL has been the subject of several research reports. Wolfe Research began coverage on Grail in a report on Friday, November 15th. They set a "peer perform" rating for the company. Morgan Stanley started coverage on shares of Grail in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $16.00 target price for the company.

Check Out Our Latest Stock Analysis on Grail

Grail Trading Down 14.2 %

The company's 50-day simple moving average is $24.61 and its 200 day simple moving average is $18.40.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in Grail during the fourth quarter valued at approximately $26,000. State of Tennessee Department of Treasury bought a new stake in shares of Grail during the 4th quarter worth $28,000. Lindbrook Capital LLC bought a new stake in shares of Grail during the 4th quarter worth $28,000. Sterling Capital Management LLC acquired a new position in Grail in the 4th quarter valued at $29,000. Finally, Wellington Shields Capital Management LLC bought a new position in Grail in the 4th quarter worth $33,000.

About Grail

(Get Free Report)

GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.

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