Carmell (NASDAQ:CTCX) Trading Down 0.6% – Here’s What Happened

Carmell Co. (NASDAQ:CTCX)’s share price dropped 0.6% during mid-day trading on Tuesday . The company traded as low as $0.23 and last traded at $0.24. Approximately 385,836 shares traded hands during trading, a decline of 96% from the average daily volume of 10,981,502 shares. The stock had previously closed at $0.25.

Carmell Trading Down 0.6 %

The business’s 50 day moving average price is $0.37 and its 200-day moving average price is $0.44.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Carmell stock. Citadel Advisors LLC acquired a new position in shares of Carmell Co. (NASDAQ:CTCX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 187,565 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.90% of Carmell at the end of the most recent quarter. 24.22% of the stock is currently owned by institutional investors.

About Carmell

Carmell Corporation operates as a bio-aesthetics company. The company utilizes Carmell Secretome to support skin and hair health. Its Carmell Secretome consists of growth factors and proteins extracted from allogeneic human platelets sourced from tissue banks. The company also developed a microemulsion formulation that enables delivery of lipophilic and hydrophilic ingredients without relying on the Foul Fourteen, 14 potentially harmful excipients that are commonly used by other companies to impart texture, stability, and other desirable physicochemical attributes to cosmetic products.