Why is Onyx Biotec falling/rising?
As of 08-Jul, Onyx Biotec Ltd's stock price is Rs 46.35, down 4.43%, with significant underperformance reflected in a 1-week return of -9.12% and a year-to-date return of -22.10%. The stock is trading below all key moving averages and is close to its 52-week low, indicating negative investor sentiment.
As of 08-Jul, Onyx Biotec Ltd is experiencing a decline in its stock price, currently at Rs 46.35, which represents a decrease of Rs 2.15 or 4.43%. The stock has underperformed significantly, with a 1-week return of -9.12% and a year-to-date return of -22.10%. Today's price summary indicates that the stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 75% compared to the 5-day average. The stock is also close to its 52-week low, just 2.91% away from Rs 45.In the broader market context, the Sensex has shown a slight decline of only 0.08% over the past week, while Onyx Biotec's performance has been significantly worse. Over the past month, the Sensex has gained 2.08%, contrasting sharply with Onyx Biotec's decline of 8.58%. This stark difference highlights the stock's struggles relative to the market, indicating that investor sentiment towards Onyx Biotec is currently negative. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
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