Humacyte (NASDAQ:HUMAW) Shares Down 5.8% – Here’s Why

Humacyte, Inc. (NASDAQ:HUMAWGet Free Report)’s share price dropped 5.8% during mid-day trading on Thursday . The company traded as low as $1.09 and last traded at $1.13. Approximately 10,447 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 15,111 shares. The stock had previously closed at $1.20.

Humacyte Price Performance

The business’s fifty day moving average price is $1.58 and its 200-day moving average price is $1.77.

Humacyte Company Profile

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Humacyte, Inc engages in the development and manufacture of off-the-shelf, implantable, and bioengineered human tissues for the treatment of diseases and conditions across a range of anatomic locations in multiple therapeutic areas. The company using its proprietary and scientific technology platform to engineer and manufacture human acellular vessels (HAVs) to be implanted into patient without inducing a foreign body response or leading to immune rejection.

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