Home / Healthcare / Syndax Pharmaceuticals Inc. (SNDX) Gives Up 4.67% at Midday on April 21, Pressuring Health Care Stocks

Syndax Pharmaceuticals Inc. (SNDX) Gives Up 4.67% at Midday on April 21, Pressuring Health Care Stocks

Syndax Pharmaceuticals Inc. (SNDX) lost ground during morning trading on April 21 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 SNDX have fallen 4.67% to $10.61 after closing the day prior at $11.13. So far, the stock has traded as high as $11.85 and as low as $10.45. Today’s decline has come with about 44,949 shares changing hands, compared to an average 30-day volume of 67,233 for Syndax Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $10.91 for SNDX.

The share depreciation gives the company a market capitalization of $203.14 million based upon 18.25 million shares outstanding. It also means that SNDX has a price-to-book ratio of 2.44:1.

In the past 52 weeks, shares of SNDX have traded as low as $6.3115 and as high as $18.03. Technical traders will take note that at $10.61, shares of SNDX are trading below their 200-day MA at $11.55 and below their 50-day MA at $12.18. 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 SNDX?

Syndax Pharmaceuticals Inc is a clinical stage biopharmaceutical company. The Company is engaged in developing entinostat as a combination therapy in multiple cancer indications with its initial focus on tumors. The company’s 33 employees are led by CEO Briggs Morrison from the corporate headquarters at 400 Totten Pond Road in Waltham, MA.

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