C4 Therapeutics, Inc (CCCC)

C4 Therapeutics, Inc is trading at $3.16, up 10.88% on the session. The 50 day average sits at $3.61 and the 200 day at $3.12, which puts the stock in a uptrend. RSI is at 33, which reads as weak, and MACD is bearish crossover. Volume is average.

The nearest support is around $2.79 with resistance near $3.37, so that band frames the current range. Average daily movement is roughly $0.22, or about 6.9% of the share price, which is what any stop placement has to allow for. The overall health score of 39 out of 100 combines a trend score of 50, momentum of 20 and a risk score of 46.

C4 Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops novel therapeutic candidates to degrade disease-causing proteins. Its lead product candidate is Cemsidomide, an orally bioavailable monodac targeting IKZF1 and IKZF3, or IKZF1/3 to address a need across multiple lines of therapy in multiple myeloma, which has competed its phase 1. The company is also developing oncology product candidate, CFT8919, an orally bioavailable, allosteric, mutant-selective bidac degrader of epidermal growth factor receptor, with an L858R mutation in non-small cell lung cancer; and new degraders focused on inflammation, neuroinflammation, and neurodegeneration. It has strategic collaborations F. Hoffmann-La Roche Ltd and Hoffmann-La Roche Inc., Betta Pharmaceuticals Co. Ltd., and Merck KGAA. Additionally, it has a collaboration agreement with Roche Holding AG for the development of Degrader-Antibody Conjugates for cancer treatment. The company was incorporated in 2015 and is headquartered in Watertown, Massachusetts.