(NASDAQ:CMRX) is down more than 50% in pre-market on reported earnings. The company beat expectations but is moving down on 13,000 trades. Maybe bounce play.

Chimerix: Q1 Earnings Snapshot

DURHAM, N.C. (AP) – Chimerix Inc. (CMRX) on Monday reported a loss of $24.8 million in its first quarter.

On a per-share basis, the Durham, North Carolina-based company said it had a loss of 28 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The biopharmaceutical company posted revenue of $15,000 in the period.

https://apnews.com/article/earnings-north-carolina-durham-chimerix-inc-d0919679784285a16060fc54f83405a3

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.