In recent weeks, the EQRX Inc (NASDAQ:EQRX) stock has been in the middle of a pretty volatile ride. Over the course of the past week, the stock suffered from a strong selloff and went down by as much as 9%.
Trading Data
On Wednesday, EQRX stock fell 1.76% to $3.90 with more than 1.60 million shares, compared to its average volume of 1.41 million shares. The stock moved within a range of $3.7605 – 4.3000 after opening trade at $3.83.
Key Details
However, despite the fall over the past week it is important for investors to keep in mind that the stock is still up by as much as 37% over the course of the past month. Yesterday, the company had come into focus after it made an announcement with regards to a management discussion about its financial condition as well as about result of operations.
EQRX is a pharmaceutical company and in the update provided yesterday, it noted that it was currently working on further growing its catalogues of products. In addition to that, it was also noted that it was also in the process of creating collaborations with advanced drug engineering platforms in order create the earlier stages of its pipeline of programs.
At this point in time, it remains to be seen if the stock can actually make a recover from the downward spiral that it has been in over the past week.
Technical Data
EQRX stock is trading below the 50-Day and 200-Day Moving averages of $4.10 and $8.27 respectively. However, the stock is trading above the 20-Day moving average of $3.73.
