Vivani Medical, Inc. (NASDAQ:VANI – Get Rating) was down 2.5% on Tuesday . The stock traded as low as $0.86 and last traded at $0.91. Approximately 119,948 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 115,268 shares. The stock had previously closed at $0.93.
Analyst Upgrades and Downgrades
Separately, ThinkEquity started coverage on Vivani Medical in a report on Monday, December 5th. They issued a "buy" rating and a $7.00 price target for the company.
Get Vivani Medical alerts:Vivani Medical Stock Down 2.5 %
The firm has a fifty day moving average price of $1.52.
Institutional Investors Weigh In On Vivani Medical
A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp acquired a new stake in shares of Vivani Medical during the third quarter worth about $63,000. Vanguard Group Inc. acquired a new stake in shares of Vivani Medical during the third quarter worth about $682,000. Prelude Capital Management LLC acquired a new stake in shares of Vivani Medical during the third quarter worth about $25,000. BlackRock Inc. acquired a new stake in shares of Vivani Medical during the third quarter worth about $734,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Vivani Medical during the third quarter worth about $822,000.Vivani Medical Company Profile
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Vivani Medical, Inc, a clinical stage company, develops various implants that treat chronic diseases with high unmet medical need. It engages in developing a portfolio of miniature drug implants to deliver minimally fluctuating drug profiles; and implantable visual prostheses devices to deliver useful artificial vision to blind individuals.
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