What’s behind Nektar Therapeutics’ ~38% Fall in June?
On June 27, Nektar Therapeutics (NKTR) ended the trading day at a closing price of $46.25. On the day, NKTR stock was trading ~164% higher than the 52-week low of $17.51 it reported on August 21, whereas the stock was trading ~59% lower than the 52-week high of $111.36 it reported on March 12. Currently, NKTR stock is trading lower than its 50-day moving average of $67.63 and its 200-day moving average of $79.32.