Erratic Trading Showing Unusual Volume in Shares of RXi Pharmaceuticals Corporation (NASDAQ:RXII)

Shares of RXi Pharmaceuticals Corporation (NASDAQ:RXII) are experiencing unusual volume during today’s trading.  While the stock price moved along with the volume change, shares are touching $0.52 at the time of writing.  The day’s total volume of 1841380 this morning is in contrast from the three-month daily average of 207.95K.  When we divide the current volume by the three-month average volume, we get a relative volume of 8.86.

RXi Pharmaceuticals Corporation (NASDAQ:RXII)‘s market cap, the total dollar value of all of their outstanding shares, is 12.20m.  Including today’s unusual volume, RXi Pharmaceuticals Corporation‘s stock is performing at -27.21% on the year.  For the week, the stock is performing -1.66%.  Over the past month the firm’s stock is -7.60%, -5.42% for the last quarter, -32.38% for the past six-months and -76.35% for the last year.

Current levels places RXi Pharmaceuticals Corporation (NASDAQ:RXII)’s stock about -32.34% from the 50-day high and 2.00% away from the 50-day low.  

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