CytRx Corporation (CYTR) Jumps 17.37% on February 15

Equities Staff |

CytRx Corporation (CYTR) was among the biggest gainers on the Russell 2000 for Monday February 15 as the stock popped 17.37% to $2.50, representing a gain of $0.37 per share. Some 1.27 million shares traded hands on 4,610 trades, compared with an average daily volume of 469,723 shares out of a total float of 66.48 million. The stock opened at $2.15 and traded with an intraday range of $2.57 to $2.15.

After today's gains, CytRx Corporation reached a market cap of $166.2 million. CytRx Corporation has had a trading range between $5.42 and $1.55 over the last year, and it had a 50-day SMA of $2.29 and a 200-day SMA of $2.97.

CytRx Corp is a biopharmaceutical research and development company specializing in oncology. Its oncology pipeline includes three clinical-stage drug candidates in various stages of development: Aldoxorubicin, Tamibarotene, and Bafetinib.

CytRx Corporation is based out of Los Angeles, CA and has some 26 employees. Its CEO is Steven A. Kriegsman.

For a complete fundamental analysis analysis of CytRx Corporation, check out Equities.com’s Stock Valuation Analysis report for CYTR. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…