Home / Healthcare / RXi Pharmaceuticals Corporation (RXII) Gives Up 3.9% at Midday on September 23, Pressuring Health Care Stocks

RXi Pharmaceuticals Corporation (RXII) Gives Up 3.9% at Midday on September 23, Pressuring Health Care Stocks

RXi Pharmaceuticals Corporation (RXII) lost ground during morning trading on September 23 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 RXII have fallen 3.9% to $1.97 after closing the day prior at $2.05. So far, the stock has traded as high as $2.03 and as low as $1.97. Today’s decline has come with about 4,212 shares changing hands, compared to an average 30-day volume of 27,551 for RXi Pharmaceuticals Corporation. The price is currently below the 30-day volume weighted average price of $2.01 for RXII.

The share depreciation gives the company a market capitalization of $13.45 million based upon 6.56 million shares outstanding. It also means that RXII has a price-to-book ratio of 2.71:1.

In the past 52 weeks, shares of RXII have traded as low as $1.26 and as high as $6.494. Technical traders will take note that at $1.97, shares of RXII are trading below their 200-day MA at $2.65 and below their 50-day MA at $2.29. 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 RXII?

RXi Pharmaceuticals Corp is a clinical-stage RNAi company developing therapeutics in dermatology and ophthalmology that address unmet medical needs. The company’s 16 employees are led by CEO Geert Cauwenbergh from the corporate headquarters at 257 Simarano Drive in Marlborough, MA.


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