Alvotech Shares Dip Below Key Moving Average Amid Market Fluctuations

Shares Hit New Lows: What’s Happening with Alvotech?

On Wednesday, Alvotech (Symbol: ALVO) saw its shares fall below the critical 200-day moving average of $12.47, trading as low as $11.68. This decline marks a drop of approximately 6.8% for the day. The following chart illustrates ALVO’s performance over the past year in comparison to its 200-day moving average:

According to the chart, the shares have experienced a 52-week low of $10.50, while the highest point over the same period reaches $18. Currently, the last recorded price for Alvotech shares stands at $11.72.

Click here to find out which 9 other stocks recently crossed below their 200-day moving average »

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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.