Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cyclerion Therapeutics, Inc. (NASDAQ:CYCN) during the fourth quarter, Holdings Channel.com reports. The fund bought 17,974 shares of the company’s stock, valued at approximately $55,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CYCN. NorthRock Partners LLC purchased a new stake in Cyclerion Therapeutics in the fourth quarter valued at approximately $31,000. Renaissance Technologies LLC purchased a new stake in Cyclerion Therapeutics in the fourth quarter valued at approximately $55,000. Virtu Financial LLC purchased a new stake in Cyclerion Therapeutics in the third quarter valued at approximately $63,000. GSA Capital Partners LLP purchased a new stake in Cyclerion Therapeutics in the fourth quarter valued at approximately $71,000. Finally, Rhumbline Advisers raised its stake in Cyclerion Therapeutics by 15.8% in the fourth quarter. Rhumbline Advisers now owns 34,065 shares of the company’s stock valued at $104,000 after purchasing an additional 4,652 shares in the last quarter. 68.17% of the stock is currently owned by institutional investors and hedge funds.
CYCN stock opened at $2.88 on Thursday. The company has a market capitalization of $98.08 million, a PE ratio of -0.97 and a beta of 2.20. Cyclerion Therapeutics, Inc. has a one year low of $2.18 and a one year high of $8.96. The company’s 50 day moving average price is $3.79 and its two-hundred day moving average price is $3.76.
Cyclerion Therapeutics Company Profile
Cyclerion Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in the discovering, development, and commercialization of medicines for serious central nervous system (CNS) diseases. Its product candidates include CY6463, a CNS-penetrant, soluble guanylate cyclase (sGC) stimulator that is in Phase II trials for the treatment of mitochondrial encephalomyopathy, lactic acidosis, and stroke-like episodes (MELAS) and Alzheimer's disease with vascular pathology (ADv); Olinciguat, an orally administered vascular soluble guanylate cyclase stimulator that is in Phase II studies for the treatment of sickle cell disease (SCD); Praliciguat, an orally administered systemic sGC stimulator that is in Phase II trials for the treatment of diabetic nephropathy and heart failure with preserved ejection fraction.
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