WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Trading Down 2.6% – Time to Sell?

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWYGet Free Report) shares dropped 2.6% during trading on Monday . The company traded as low as $8.46 and last traded at $8.47. Approximately 28,469 shares changed hands during trading, a decline of 33% from the average daily volume of 42,557 shares. The stock had previously closed at $8.70.

WuXi Biologics (Cayman) Stock Down 2.6%

The firm’s 50 day moving average is $8.66 and its two-hundred day moving average is $8.32.

WuXi Biologics (Cayman) Company Profile

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WuXi Biologics (Cayman) Inc, trading OTC as WXXWY, is a global contract research, development and manufacturing organization (CDMO) specializing in biologics. Founded as a spin-out from WuXi AppTec and incorporated in the Cayman Islands in 2017, the company offers end-to-end support across the biologics value chain. Its service portfolio encompasses discovery biology, analytical development, process chemistry and large-scale manufacturing for therapeutic proteins and antibodies.

The firm’s core offerings include the development of monoclonal antibodies, recombinant proteins and cell and gene therapy vectors.

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