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Tevogen Bio (NASDAQ:TVGN) Stock Price Down 8.9% - Should You Sell?

Tevogen Bio logo with Medical background

Shares of Tevogen Bio Holdings Inc. (NASDAQ:TVGN - Get Free Report) traded down 8.9% on Tuesday . The company traded as low as $1.36 and last traded at $1.53. 5,120,275 shares were traded during mid-day trading, a decline of 6% from the average session volume of 5,419,914 shares. The stock had previously closed at $1.68.

Tevogen Bio Price Performance

The firm's 50-day moving average is $1.21 and its two-hundred day moving average is $1.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tevogen Bio stock. HGC Investment Management Inc. bought a new stake in shares of Tevogen Bio Holdings Inc. (NASDAQ:TVGN - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 223,077 shares of the company's stock, valued at approximately $82,000. HGC Investment Management Inc. owned about 0.13% of Tevogen Bio as of its most recent filing with the Securities and Exchange Commission.

Tevogen Bio Company Profile

(Get Free Report)

Tevogen Bio Holdings Inc operates as a clinical-stage specialty immunotherapy company that develops off-the-shelf precision T cell therapies for the treatment of infectious diseases, cancers, and neurological disorders. The company develops TVGN 489, which has completed Phase 1 clinical trial for the treatment and prevention of chronic lingering symptoms of the disease (Long COVID), as well as COVID-19 in B cell immune suppressed acute COVID-19 patients without a B cell cancer indication, elderly and infirm acute COVID-19 patients, and acute COVID-19 in patients on T cell suppressing drugs, including solid organ transplant patients.

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