Home / Healthcare / Tokai Pharmaceuticals Inc. (TKAI) Gives Up 4.67% at Midday on April 21, Pressuring Health Care Stocks

Tokai Pharmaceuticals Inc. (TKAI) Gives Up 4.67% at Midday on April 21, Pressuring Health Care Stocks

Tokai Pharmaceuticals Inc. (TKAI) 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 TKAI have fallen 4.67% to $0.61 after closing the day prior at $0.64. So far, the stock has traded as high as $0.63 and as low as $0.6. Today’s decline has come with about 31,140 shares changing hands, compared to an average 30-day volume of 155,036 for Tokai Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $0.62 for TKAI.

The share depreciation gives the company a market capitalization of $14.49 million based upon 22.64 million shares outstanding. It also means that TKAI has a price-to-book ratio of 0.52:1.

In the past 52 weeks, shares of TKAI have traded as low as $0.573 and as high as $8.0. Technical traders will take note that at $0.61, shares of TKAI are trading below their 200-day MA at $1.39 and below their 50-day MA at $0.81. 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 TKAI?

Tokai Pharmaceuticals Inc is a clinical-stage biopharmaceutical company focused on developing novel proprietary therapies for the treatment of prostate cancer and other hormonally-driven diseases. The company’s 8 employees are led by CEO Jodie P. Morrison from the corporate headquarters at 255 State Street in Boston, MA.

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