Titan Pharmaceuticals (NASDAQ:TTNP) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Titan Pharmaceuticals, Inc. (NASDAQ:TTNPGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.12 and traded as low as $3.12. Titan Pharmaceuticals shares last traded at $3.61, with a volume of 47,798 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Titan Pharmaceuticals in a research note on Friday. They issued a “sell” rating on the stock.

View Our Latest Report on TTNP

Titan Pharmaceuticals Stock Performance

The business has a 50-day moving average price of $3.86 and a 200 day moving average price of $5.12.

About Titan Pharmaceuticals

(Get Free Report)

Titan Pharmaceuticals, Inc, a pharmaceutical company, develops therapeutics for the treatment of chronic diseases in the United States and internationally. It develops products based on ProNeura, a proprietary long-term drug delivery platform. It also develops TP-2021 in combination with ProNeura technology for the treatment of chronic pruritus, a severe and debilitating condition defined as itching of the skin lasting longer than six weeks; and Nalmefene implant program for the prevention of opioid relapse following detoxification of patients suffering opioid use disorder.

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