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

Scilex Holding (NASDAQ:SCLXWGet Free Report)’s share price was up 22.5% during trading on Friday . The stock traded as high as $0.25 and last traded at $0.25. Approximately 6,513 shares were traded during trading, an increase of 154% from the average daily volume of 2,569 shares. The stock had previously closed at $0.20.

Scilex Stock Performance

The company’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.31.

About Scilex

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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.

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