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CytoDyn (OTCMKTS:CYDY) Shares Up 17.5% - What's Next?

CytoDyn logo with Medical background

Key Points

  • CytoDyn Inc. shares increased by 17.5% on Monday, reaching a high of $0.38 and closing at $0.37, with a trading volume of 5,638,735 shares, significantly above the average.
  • The company reported a market capitalization of $467.26 million and a PE ratio of 37.22 as of the last trading session.
  • CytoDyn is involved in the clinical development of leronlimab, a monoclonal antibody targeting conditions such as COVID-19, HIV, and various cancers.
  • Five stocks we like better than CytoDyn.

Shares of CytoDyn Inc. (OTCMKTS:CYDY - Get Free Report) shot up 17.5% on Monday . The company traded as high as $0.38 and last traded at $0.37. 5,638,735 shares were traded during trading, an increase of 221% from the average session volume of 1,757,202 shares. The stock had previously closed at $0.32.

CytoDyn Trading Up 17.5%

The business has a fifty day simple moving average of $0.29 and a two-hundred day simple moving average of $0.29. The stock has a market cap of $467.26 million, a PE ratio of 37.22 and a beta of 1.42.

CytoDyn (OTCMKTS:CYDY - Get Free Report) last posted its earnings results on Friday, July 25th. The biotechnology company reported ($0.01) earnings per share for the quarter.

About CytoDyn

(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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