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CytoDyn (OTCMKTS:CYDY) Stock Price Passes Below 50 Day Moving Average - Here's What Happened

CytoDyn logo with Medical background
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CytoDyn Inc. (OTCMKTS:CYDY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.23 and traded as low as $0.23. CytoDyn shares last traded at $0.24, with a volume of 1,339,990 shares changing hands.

CytoDyn Trading Down 2.9 %

The stock has a 50-day moving average of $0.23 and a two-hundred day moving average of $0.17. The firm has a market cap of $276.04 million, a price-to-earnings ratio of -22.40 and a beta of -0.28.

About CytoDyn

(Get Free Report)

CytoDyn Inc, a clinical-stage biotechnology company, engages in the development of treatments for multiple therapeutic indications. The company is involved in the clinical development of leronlimab, a novel humanized monoclonal antibody targeting the C-C chemokine receptor type 5 receptor in the areas of COVID-19, human immunodeficiency virus (HIV), Metabolic dysfunction-associated steatohepatitis (MASH), and solid tumors in oncology, such as metastatic triple-negative breast cancer.

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