Home / Basic Materials / ChromaDex Corporation (CDXC) Dives 3.88% in Morning Session on September 22

ChromaDex Corporation (CDXC) Dives 3.88% in Morning Session on September 22

ChromaDex Corporation (CDXC) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of CDXC have fallen 3.88% to $2.97 after closing the day prior at $3.09. So far, the stock has traded as high as $3.14 and as low as $2.93. Today’s decline has come with about 153,560 shares changing hands, compared to an average 30-day volume of 163,266 for ChromaDex Corporation. The price is currently below the 30-day volume weighted average price of $3.01 for CDXC.

The share depreciation gives the company a market capitalization of $116.98 million based upon 37.86 million shares outstanding. It also means that CDXC has a price-to-book ratio of 9.4:1.

In the past 52 weeks, shares of CDXC have traded as low as $2.46 and as high as $6.18. Technical traders will take note that at $2.97, shares of CDXC are trading below their 200-day MA at $4.13 and below their 50-day MA at $3.73. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is CDXC?

ChromaDex Corp, through its subsidiaries, supplies phytochemical referance standards to research an array of potential attributes & reference materials, related contract services, technical consulting & proprietary ingredients. The company’s 82 employees are led by CEO from the corporate headquarters at 10005 Muirlands Boulevard in Irvine, CA.


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