Rafael (NYSE:RFL) Stock Price Down 1.6% – What’s Next?

Rafael Holdings, Inc. (NYSE:RFL) fell 1.6% during trading on Wednesday . The company traded as low as $1.77 and last traded at $1.86. 13,690 shares traded hands during trading, a decline of 52% from the average session volume of 28,347 shares. The stock had previously closed at $1.89.

Rafael Price Performance

The business’s 50-day moving average price is $1.93 and its two-hundred day moving average price is $1.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rafael stock. Old West Investment Management LLC boosted its holdings in Rafael Holdings, Inc. (NYSE:RFL) by 102.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,732 shares of the company’s stock after purchasing an additional 51,365 shares during the quarter. Old West Investment Management LLC owned approximately 0.41% of Rafael worth $146,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.30% of the company’s stock.

Rafael Company Profile

Rafael Holdings, Inc primarily engages in holding interests in clinical and early-stage pharmaceutical companies, and commercial real estate assets in the United States and Israel. It operates in two segments, Healthcare and Real Estate. The company engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells.