Cortexyme (NASDAQ:CRTX) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Cortexyme, Inc. (NASDAQ:CRTXGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.86 and traded as high as $4.25. Cortexyme shares last traded at $3.77, with a volume of 1,153,649 shares traded.

Cortexyme Stock Down 10.7%

The firm has a market cap of $113.67 million, a PE ratio of -1.27 and a beta of 1.40. The business has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $1.86.

About Cortexyme

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Cortexyme, Inc, a clinical stage biopharmaceutical company, focuses on developing therapeutics for Alzheimer's and other degenerative diseases. Its lead drug candidate is atuzaginstat (COR388), an orally administered brain-penetrating small molecule gingipain inhibitor, which is in Phase II/III clinical trial for use in patients with mild to moderate Alzheimer's disease, as well as for the treatment of oral squamous cell carcinoma, periodontitis, and coronavirus infection.

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