Somewhat Positive Media Coverage Somewhat Unlikely to Impact ContraFect (CFRX) Stock Price
Media stories about ContraFect (NASDAQ:CFRX) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ContraFect earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the biotechnology company an impact score of 46.7046157522384 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of ContraFect (CFRX) traded down $0.01 during trading on Friday, hitting $0.90. The stock had a trading volume of 55,104 shares, compared to its average volume of 86,073. ContraFect has a 12 month low of $0.80 and a 12 month high of $2.50.
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ContraFect Corporation, a clinical-stage biotechnology company, focuses on discovering and developing therapeutic protein and antibody products for the treatment of life-threatening infectious diseases in the United States. Its lead product candidates consist of CF-301, a lysin that completed Phase 1 human clinical trials for the treatment of Staph aureus bacteremia, including endocarditis caused by methicillin-resistant or methicillin-susceptible Staph aureus; and CF-404, a combination of human monoclonal antibodies (mAbs) for the treatment of life-threatening seasonal and pandemic varieties of human influenza.
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