Scilex (NASDAQ:SCLXW) Shares Down 17.9% – Should You Sell?

Scilex Holding (NASDAQ:SCLXWGet Free Report)’s share price fell 17.9% during trading on Monday . The stock traded as low as $0.20 and last traded at $0.23. 37,160 shares were traded during trading, an increase of 112% from the average session volume of 17,506 shares. The stock had previously closed at $0.28.

Scilex Price Performance

The firm’s fifty day moving average is $0.43 and its two-hundred day moving average is $0.22.

Scilex Company Profile

(Get Free Report)

Scilex Holding Company focuses on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain. Its commercial products include ZTlido (lidocaine topical system) 1.8% (ZTlido), a prescription lidocaine topical product for the relief of neuropathic pain associated with postherpetic neuralgia (PHN), which is a form of post-shingles nerve pain; ELYXYB, a ready-to-use oral solution for the acute treatment of migraine with or without aura in adults; and GLOPERBA, a liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults.

Further Reading

Receive News & Ratings for Scilex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scilex and related companies with MarketBeat.com's FREE daily email newsletter.