Scilex (NASDAQ:SCLXW) Trading Up 22.5% – Here’s Why

Scilex Holding (NASDAQ:SCLXWGet Free Report) shares traded up 22.5% during trading on Friday . The company traded as high as $0.25 and last traded at $0.25. 6,513 shares traded hands during mid-day trading, an increase of 154% from the average session volume of 2,569 shares. The stock had previously closed at $0.20.

Scilex Price Performance

The stock has a 50 day moving average of $0.28 and a 200 day moving average of $0.31.

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

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