CytomX Therapeutics Inc. (CTMX) 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 health care sector halfway through the trading day. At the lunch break, shares of CTMX have fallen 3.28% to $16.81 after closing the day prior at $17.38. So far, the stock has traded as high as $17.39 and as low as $16.15. Today’s decline has come with about 118,851 shares changing hands, compared to an average 30-day volume of 106,963 for CytomX Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $16.58 for CTMX.
The share depreciation gives the company a market capitalization of $630.69 million based upon 36.29 million shares outstanding. It also means that CTMX has a price-to-book ratio of 6.23:1.
In the past 52 weeks, shares of CTMX have traded as low as $9.01 and as high as $24.68. Technical traders will take note that at $16.81, shares of CTMX are trading above their 200-day MA at $13.06 and above their 50-day MA at $11.79. 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 CTMX?
CytomX Therapeutics Inc is an oncology-focused biopharmaceutical company. is engaged in developing Probody therapeutics that address clinically-validated cancer targets in immuno-oncology, such as PD-L1, as well as targets, such as CD-166. The company’s 65 employees are led by CEO Sean A. McCarthy from the corporate headquarters at 343 Oyster Point Boulevard in South San Francisco, CA.
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