Obseva SA (OBSV) Stock Attempts To Recover: Is It Sustainable?

Obseva SA (NASDAQ: OBSV) stock is attempting to recover this morning after the recent fall. After the first hour of trading, OBSV stock is up by 8.50% and trading at a session high of $2.83.

Today’s rally may not be surprising for investors as the stock had been under sell pressure over the past couple of months. The stock fell over 50% since mid-February. One should note that the stock is trading near to its 200-Day moving average of $2.81, which could act as immediate support for the stock.

In early February, the company had issued a corporate update, including its roadmap for advancing its clinical programs in 2021. The company is targeting NDA submission for its Yselty® for uterine fibroids by the second quarter of this year and MAA approval by the fourth quarter. Considering early momentum, OBSV stock may gain further momentum as markets are in the green today after opening lower. keep an eye on OBSV stock.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life

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