resTORbio, Inc. (TORC) Sets All-Time Low; Strong Momentum for Sellers

March 22, 2018 - By Kurt Siggers

The stock of resTORbio, Inc. (NASDAQ:TORC) reached all time low today, Mar, 22 and still has $12.52 target or 5.00 % below today’s $13.18 share price. This indicates more downside for the $358.45 million company. This technical setup was reported by If the $12.52 PT is reached, the company will be worth $17.92M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 10.34% or $1.52 during the last trading session, reaching $13.18. About 195,238 shares traded or 0.17% up from the average. resTORbio, Inc. (NASDAQ:TORC) has 0.00% since March 22, 2017 and is . It has underperformed by 16.70% the S&P500.

resTORbio, Inc., a clinical-stage biopharmaceutical company, focuses on the development and commercialization of novel therapeutics for the treatment of aging-related diseases. The company has market cap of $358.45 million. The Company’s lead program is targeting the selective inhibition of TORC1, an evolutionary conserved pathway that contributes to the decline in function of multiple organ systems, including the immune, cardiac, and neurologic systems. It currently has negative earnings. The company's lead drug candidate RTB101 is a selective, orally administered, TORC1 inhibitor, which is being tested in a Phase 2b clinical trial as a first in-class immunotherapy for reducing the incidence of respiratory tract infections in the elderly by enhancing the function of the immune system.

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