AlloVir (NASDAQ:ALVR) Shares Down 2.5% – What’s Next?

AlloVir, Inc. (NASDAQ:ALVRGet Free Report) dropped 2.5% on Thursday . The stock traded as low as $4.4750 and last traded at $4.71. 64,589 shares changed hands during mid-day trading, an increase of 312% from the average session volume of 15,685 shares. The stock had previously closed at $4.83.

AlloVir Stock Performance

The business has a 50 day moving average of $4.75 and a 200-day moving average of $7.08. The company has a market capitalization of $23.75 million, a P/E ratio of -0.23 and a beta of 0.63.

About AlloVir

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AlloVir, Inc is a clinical-stage biopharmaceutical company specializing in the development of off-the-shelf, allogeneic virus-specific T-cell immunotherapies for the prevention and treatment of life-threatening viral infections in immunocompromised patients. The company’s proprietary Multi-Virus-Targeting Cell (MTC) platform enables the rapid identification, isolation and expansion of virus-specific T cells from healthy donors, with the aim of offering broad coverage against multiple clinically significant viruses.

AlloVir’s pipeline includes several product candidates designed to address unmet needs in transplant medicine and other immunosuppressed settings.

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