CytRx Corporation (CYTR) was among the biggest gainers on the Russell 2000 for Thursday January 14 as the stock popped 8.12% to $1.93, representing a gain of $0.145 per share. Some 706,018 shares traded hands on 2,285 trades, compared with an average daily volume of 488,269 shares out of a total float of 66.48 million. The stock opened at $1.83 and traded with an intraday range of $1.94 to $1.64.
After today's gains, CytRx Corporation reached a market cap of $128.31 million. CytRx Corporation has had a trading range between $5.42 and $1.78 over the last year, and it had a 50-day SMA of $2.81 and a 200-day SMA of $3.24.
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.
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