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CytoDyn (OTCMKTS:CYDY) Shares Down 2.8% - Here's What Happened

CytoDyn logo with Medical background

CytoDyn Inc. (OTCMKTS:CYDY - Get Free Report)'s share price dropped 2.8% on Friday . The stock traded as low as $0.30 and last traded at $0.31. Approximately 1,160,634 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 1,303,785 shares. The stock had previously closed at $0.32.

CytoDyn Trading Down 2.8%

The firm has a market capitalization of $387.19 million, a PE ratio of -31.00 and a beta of 1.29. The company has a fifty day moving average price of $0.32 and a two-hundred day moving average price of $0.24.

CytoDyn Company Profile

(Get Free Report)

CytoDyn Inc, a clinical-stage biotechnology company, engages in the development of treatments for multiple therapeutic indications. The company is involved in the clinical development of leronlimab, a novel humanized monoclonal antibody targeting the C-C chemokine receptor type 5 receptor in the areas of COVID-19, human immunodeficiency virus (HIV), Metabolic dysfunction-associated steatohepatitis (MASH), and solid tumors in oncology, such as metastatic triple-negative breast cancer.

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