Why Praxis Precision Medicine's Stock is Up During Today's Session

The Price And Volume Action In Praxis Precision Medicine's Stock Today

Praxis Precision Medicine's PRAX stock is trading up 10.54% to a price of $30.86. Monday the stock has been traded at a volume of 163.93 thousand, about 66.02% of its recent 30-day volume average of 248.29 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Praxis Precision Medicines shares are trading higher after William Blair initiated coverage on the stock with an Outperform rating.

Insights On Recent Price Action

The stock's 50-day moving average was $37.18 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $60.95 and fallen to a low of $23.9.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.