August 5, 2020

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Notable Stock to Watch: Strongbridge Biopharma plc (NASDAQ:SBBP)

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Strongbridge Biopharma plc (NASDAQ:SBBP)stock identified change of 4.44% away from 52-week low price and recently located move of -56.95% off 52-week high price. It has market worth of $153.3M . SBBP stock has been recorded -8.42% away from 50 day moving average and -35.94% away from 200 day moving average. Moving closer, we can see that shares have been trading -9.54% off 20-day moving average.

Strongbridge Biopharma plc, (NASDAQ:SBBP), a global commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for rare diseases with significant unmet needs, reported that it has approved inducement equity awards to eight individuals who have recently become, or are expected to become, employees of the Company.

The inducement awards are being made in the form of non-qualified stock options to purchase an aggregate of 208,500 ordinary shares of the Company and restricted stock units (RSUs) representing 17,000 ordinary shares of the Company, and are being made as a material inducement to these individuals to enter into employment with the Company pursuant to NASDAQ Listing Rule 5635(c)(4).

The exercise price for each of the options is equal to the closing price of the Company’s ordinary shares on the grant date. One quarter of each of the options will vest on the one-year anniversary of the grant date of such option and the remaining three quarters will vest in 12 equal quarterly installments following the one-year anniversary of the grant date, subject to the employee’s continuous employment with the Company. The options will have a ten-year term. The RSUs will vest on the two-year anniversary of the grant date, subject to the employee’s continuous employment with the Company. The options and RSUs will be subject to the terms and conditions of the Company’s 2017 Inducement Plan, pursuant to which the options and RSUs have been granted.

The Healthcare sector company, Strongbridge Biopharma plc noticed change of -2.42% to $2.82 along volume of 235009 shares in recent session compared to an average volume of 270.56K. The stock observed return of -1.74% in 5 days trading activity. The stock was at -17.54% over one month performance. SBBP’s shares are at -37.47% for the quarter and driving a -46.79% return over the course of the past year and is now at -37.05% since this point in 2018.

The average volatility for the week at 5.68% and for month was at 6.29%. There are 54.36M shares outstanding and 45.28M shares are floated in market. Right now the stock beta is 0.85.

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