Aduro Biotech Inc. (ADRO) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of ADRO have fallen 3.49% to $8.97 after closing the day prior at $9.3. So far, the stock has traded as high as $9.3 and as low as $8.8. Today’s decline has come with about 117,593 shares changing hands, compared to an average 30-day volume of 467,716 for Aduro Biotech Inc.. The price is currently below the 30-day volume weighted average price of $9.09 for ADRO.
The share depreciation gives the company a market capitalization of $632.38 million based upon 68.0 million shares outstanding. It also means that ADRO has a price-to-book ratio of 2.78:1.
In the past 52 weeks, shares of ADRO have traded as low as $7.26 and as high as $16.43. Technical traders will take note that at $8.97, shares of ADRO are trading below their 200-day MA at $12.31 and below their 50-day MA at $10.63. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is ADRO?
Aduro Biotech Inc is a clinical-stage immunotherapy company focused on the discovery, development and commercialization of therapies that transform the treatment of different diseases. The company’s 158 employees are led by CEO Stephen T. Isaacs from the corporate headquarters at 740 Heinz Avenue in Berkeley, CA.
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