Home / Basic Materials / ChromaDex Corporation (CDXC) Leads Basic Materials Laggards with a drop of 3.88% on September 22

ChromaDex Corporation (CDXC) Leads Basic Materials Laggards with a drop of 3.88% on September 22

ChromaDex Corporation (CDXC” target=”_new”>CDXC) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on September 22, skidding 3.88% to close the day at $2.97 after closing the day prior at $3.09. Throughout the day, shares of CDXC” target=”_new”>CDXC traded as high as $3.14 and as low as $2.91. Today’s decline came with about 262,333 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 $2.99 for CDXC” target=”_new”>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” target=”_new”>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” target=”_new”>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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