The stock of Cellectis SA (ADR) (NASDAQ:CLLS) reached all time low today, Oct, 31 and still has $16.41 target or 7.00% below today’s $17.64 share price. This indicates more downside for the $620.67 million company. This technical setup was reported by Barchart.com. If the $16.41 PT is reached, the company will be worth $43.45 million 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. About 23,642 shares traded hands. Cellectis SA (ADR) (NASDAQ:CLLS) has declined 34.22% since March 29, 2016 and is downtrending. It has underperformed by 37.70% the S&P500.
According to Zacks Investment Research, “Cellectis SA is a gene-editing company. The company focused on developing immunotherapies based on gene edited engineered CAR-T cells. Cellectis SA is based in Paris, France.”
More important recent Cellectis SA (ADR) (NASDAQ:CLLS) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on March 21, 2015, also Marketwatch.com published article titled: “/quotes/zigman/3870025/realtime”, Schaeffersresearch.com published: “Cellectis SA (CLLS) Defies Sector Headwinds on Cancer Breakthrough” on May 06, 2016. More interesting news about Cellectis SA (ADR) (NASDAQ:CLLS) was released by: Bidnessetc.com and their article: “Pfizer Inc. Interested In Acquiring French Biotech Firm Cellectis SA (ADR …” with publication date: June 01, 2015.
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