MyMD Pharmaceuticals (NASDAQ:MYMD) Trading Down 14.1% – What’s Next?

Shares of MyMD Pharmaceuticals, Inc. (NASDAQ:MYMDGet Free Report) fell 14.1% during mid-day trading on Thursday . The stock traded as low as $0.15 and last traded at $0.15. 3,256,342 shares were traded during trading, an increase of 2,328% from the average session volume of 134,123 shares. The stock had previously closed at $0.18.

MyMD Pharmaceuticals Stock Performance

The company’s 50 day moving average price is $0.27 and its 200-day moving average price is $0.75.

MyMD Pharmaceuticals Company Profile

(Get Free Report)

MyMD Pharmaceuticals, Inc, a clinical development stage pharmaceutical company, focuses on developing various therapeutic platforms to treat the aging and age-related and autoimmune diseases, and chronic pain, anxiety, and sleep disorders. The company is developing MYMD-1, a drug platform based on a clinical stage small molecule that regulates the immune system and its pro-inflammatory cytokines to prevent and treat autoimmune diseases and age-related illnesses, and a Phase 2 clinical trial for sarcopenia, multiple sclerosis, diabetes, inflammatory bowel diseases, and rheumatoid arthritis; inflammation related depression and anxiety; and COVID-19-associated depression.

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