CytoDyn (OTCMKTS:CYDY) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Shares of CytoDyn Inc. (OTCMKTS:CYDYGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.27 and traded as low as $0.24. CytoDyn shares last traded at $0.2415, with a volume of 1,142,436 shares.

CytoDyn Trading Down 1.3%

The business has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.30. The firm has a market cap of $304.91 million, a P/E ratio of -24.15 and a beta of 1.33.

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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