Will The Rally Continue? Cerecor Inc (NASDAQ:CERC)

Cerecor Inc (NASDAQ:CERC) stock is moving higher in early session on Wednesday.

Market Action

As of 11:35, CERC stock has moved up over 10% to trade at $2.505. Total traded volume was 1.74 million shares, compared to its average volume of 1.80 million shares. The stock has moved in range of $2.3600 – 2.5500 after opening at $2.38.

CERC Released News Last Week

Cerecor Reports First Quarter 2021 Financial Results and Provides Business Updates

  • As of March 31, 2021, Cerecor had $38.3 million in cash and cash equivalents, which was a significant increase over the $18.9 million balance as of December 31, 2020.
  • Net product revenue of the Company‚Äôs commercialized product, which the Company considers non-core and for which strategic alternatives are being explored, decreased $2.3 million for the three months ended March 31, 2021.
  • While the IPR&D charge in 2020 largely offset the increased research and development expenses in 2021, the net loss increased as compared to the prior year due to a $7.1 million increase in the fair value of an investment of the Company in the prior year that did not repeat in the current quarter. Loss per share was largely consistent with the prior year with an increase in shares, due to financings, offsetting the larger net loss.

Trader Notes

Share Information

SHARES OUTSTANDING95.46 M
SHARE FLOAT (%)94.71 M (99.22%)
% HELD BY INSTITUTIONS55.89

Recent Stock Performance

5-DAY PERF.+5.93%
1-MONTH PERF.+4.17%
3-MONTH PERF.-42.40%
6-MONTH PERF.+8.70%
YTD PERF.-5.30%
1-YEAR PERF.+9.17%

Moving Averages

+/- EMA(20)2.56 (-2.34%)
+/- SMA(50)2.82 (-11.35%)
+/- SMA(200)2.75 (-9.09%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3
Classic1.94332.05672.16332.27672.38332.49672.6033
Fibonacci2.05672.14072.19262.27672.36072.41262.4967

Technical Indicators

SymbolValueResultSymbolValueResult
ADX15.9547NeutralATR140.2756
CCI20-103.0216SellChaikin Money Flow-0.4506Sell
MACD-0.1965SellMoney Flow Index89.7421OverBought
ROC-27.7070SellRSI38.0962Buy
STOCH (14,3)16.9355OverSoldSTOCH RSI0.2945Buy
UO38.0070SellWilliams %R-83.0645OverSold

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