RedHill Biopharma Ltd (RDHL)

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Reassessing The Changing Outlook For RedHill Biopharma Ltd. (RDHL)

https://www.lifetelegraph.com/2022/10/10/reassessing-the-changing-outlook-for-redhill-biopharma-ltd-rdhl/

October 10, 2022 in Industry

ARK Investment Management LLC recently announced the acquisition of new stake in RedHill Biopharma Ltd. (NASDAQ:RDHL). The institutional investor has increased its shareholding in the Healthcare company by 21.26% to 1.05 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 1.79% valued currently at $0.94 million. In addition, Apo Asset Management GmbH raised its holdings by 0.2 million to 0.63 million shares. And Gagnon Securities LLC has lifted its position by 2.18% or 8000.0 shares – to 0.38 million shares.

With over 0.98 million RedHill Biopharma Ltd. (RDHL) shares trading Friday and a closing price of $0.55 on the day, the dollar volume was approximately $0.54 million. The shares have shown a positive weekly performance of 8.86% and its price on 10/07/22 lost nearly -10.81%. Currently, there are 52.52M common shares owned by the public and among those 34.99M shares have been available to trade.