Why CTI BioPharma's Stock is Down During Today's Session

The Price And Volume Action In CTI BioPharma's Stock Today

CTI BioPharma's CTIC stock has been falling Thursday, down 13.06% to a price of $2.55. Thursday the stock has been traded at a volume of 2.13 million, about 326.0% of its recent 30-day volume average of 654.29 thousand.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: CTI BioPharma shares are trading lower after the company reported a common stock offering and no size disclosed.

Perspective On Recent Price Action

The 50-day moving average price of CTI BioPharma's stock was $3.25 when this article was published. The stock reached a high of $4.13 and a low of $0.8 in the past 52 weeks.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.