On Friday, OncoSec Medical Incorporated (NASDAQ: ONCS) stock observed trading -81.86% off 52-week high price. On the other end, the stock has been noted 28.12% away from low price over the last 52-weeks. The stock disclosed a move of -1.47% away from 50 day moving average and -40.25% away from 200 day moving average. Moving closer, we can see that shares have been trading -2.52% off 20-day moving average. It has market cap of $21.2M.
Alpha Holdings, Inc. (117670.KQ) the largest stockholder of OncoSec Medical Incorporated (ONCS) with an approximate 15.1% ownership stake, recently filed with the District Court in Clark County, Nevada, its briefs in opposition to the OncoSec and China Grand defendants’1 motions to dismiss the pending class action lawsuit filed by Alpha Holdings on behalf of all OncoSec stockholders.
The class action lawsuit alleges that (i) OncoSec board members breached their fiduciary duties by agreeing to the China Grand Takeover Proposal2 and by making incomplete and misleading disclosures in connection with the proposal and (ii) Sirtex and a CGP subsidiary aided and abetted those breaches. The defendants in Alpha Holdings’ fiduciary class action moved to dismiss the complaint, and a hearing on their motions is planned for November 25, 2019.
Commenting on the briefs, Alpha Holdings stated: “We believe that the directors who accepted this transaction must be held accountable for breaching their fiduciary duty to OncoSec stockholders and for failing to provide accurate and complete information about the deal they continue to support. We encourage all OncoSec stockholders to review Alpha Holdings’ briefs and express their views on the proposed transaction directly to OncoSec’s management team and Board.”
The USA based company OncoSec Medical Incorporated moved with change of 0.00% to $2.05 with the total traded volume of 41588 shares in recent session versus to an average volume of 260.92K. The stock was observed in the 5 days activity at 9.04%. The one-month performance of stock was -9.29%. ONCS’s shares are at 8.47% for the quarter and driving a -75.77% return over the course of the past year and is now at -67.97% since this point in 2018. Right now, the stock beta is 2.25. The average volatility for the week and month was at 5.95% and 6.28% respectively. There are 10.34M shares outstanding and 8.95M shares are floated in market.