Carmell (NASDAQ:CTCX) Trading Up 0.1% – What’s Next?

Carmell Co. (NASDAQ:CTCX)’s stock price rose 0.1% during mid-day trading on Wednesday . The stock traded as high as $0.23 and last traded at $0.23. Approximately 282,786 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,320,888 shares. The stock had previously closed at $0.23.

Carmell Stock Performance

The business has a 50 day moving average of $0.31 and a 200 day moving average of $0.82.

Institutional Trading of Carmell

An institutional investor recently bought a new position in Carmell stock. Warberg Asset Management LLC purchased a new position in shares of Carmell Co. (NASDAQ:CTCX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,000 shares of the company’s stock, valued at approximately $60,000. Warberg Asset Management LLC owned approximately 0.22% of Carmell as of its most recent filing with the Securities and Exchange Commission. 24.22% of the stock is owned by hedge funds and other institutional investors.

Carmell Company Profile

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.