On Monday, the Mirum Pharmaceuticals Inc (OTCMKTS:MVEN) stock suffered from a bit of a selloff and ended the day with a decline of 5% after the company made a key announcement.
Trading Data
On Monday, MVEN stock went down 5% at $0.4750 with more than 8k shares, compared to its average volume of 17k shares. The stock has moved within a range of $ =0.4500 – 0.4750 after opening the trade at $0.45.
Upcoming Earnings
Mirum announced yesterday that it was going to announce its financial results for the third fiscal quarter that had ended on September 30, 2021 later on this month on November 15. It was a significant announcement but the possibility of learning about the results next week did not lead to any excitement among investors. It is going to be interesting to see if the Mirum stock does experience any further action in the days leading up to the day of the announcement.
In addition to that, Mirum also announced that it was going to host a conference call with regards to the financial results on the same day and it will commence at 1-30 p.m. Pacific Time or 4-30 p.m. Eastern Time. On the other hand, the conference is also going to be available on an audio webcast. Last but certainly not the least, the company also announced yesterday that it was going to put forward a business update at the above mentioned conference call as well.
Technical Data
CLSN stock is trading below the 20-Day and 50-Day Moving averages of $0.49 and $0.49 respectively. Moreover, the stock is trading below 200-Day moving average of $0.68. The stock is down 28% in the past 3-month.
