What’s up with the Mesoblast (ASX:MSB) share price?

Mesoblast Limited (ASX: MSB) shares were dropping again today and, with no news from the company, the question is why? By the market’s close, the Mesoblast share price was trading at $2.39, down 3.24% from yesterday’s close. This compares to the S&P/ASX 200 Index (ASX: XJO), which was up 0.5% today.

The stem cell focused biotech company is listed on both the ASX and Nasdaq and its ASX share price has fallen by 51.32% over the last 6 months.

Let’s look further into what’s been happening for Mesoblast.

Recent share price fluctuations

The Mesoblast share price had an eventful 2020, which included steep falls in December after trials for some of the company’s new products delivered disappointing results.

On 15 December, the…