Arcutis Biotherapeutics Shares Fall Below Key Moving Average

Stock Trends: ARQT Drops and Hits New Lows

In trading on Friday, shares of Arcutis Biotherapeutics Inc (Symbol: ARQT) dipped below their 200-day moving average of $8.90, reaching as low as $8.63 per share. Currently, Arcutis Biotherapeutics Inc shares are down approximately 8.1% for the day. The chart below depicts the one-year performance of ARQT shares against its 200-day moving average:

Examining the chart, ARQT’s lowest point in its 52-week range is $1.76 per share, while the highest point reached was $13.17. As of the latest trade, shares are priced at $8.72.

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