Could Tocagen Inc. (TOCA) Gain Strenght? The Stock Reaches All-Time Low

The stock of Tocagen Inc. (NASDAQ:TOCA) reached all time low today, Aug, 14 and still has $4.13 target or 4.00 % below today’s $4.30 share price. This indicates more downside for the $102.76M company. This technical setup was reported by Barchart.com. If the $4.13 PT is reached, the company will be worth $4.11 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.

The stock decreased 4.87% or $0.22 during the last trading session, reaching $4.3. About 196,522 shares traded. Tocagen Inc. (NASDAQ:TOCA) has declined 39.20% since August 14, 2018 and is downtrending. It has underperformed by 39.20% the S&P500.

More notable recent Tocagen Inc. (NASDAQ:TOCA) news were published by: Finance.Yahoo.com which released: “Could The Tocagen Inc. (NASDAQ:TOCA) Ownership Structure Tell Us Something Useful? – Yahoo Finance” on June 27, 2019, also Nasdaq.com with their article: “Noteworthy Monday Option Activity: MSFT, TOCA, WFC – Nasdaq” published on March 11, 2019, Seekingalpha.com published: “Tocagen: Free Ticket For Run-Up Ride – Seeking Alpha” on July 08, 2019. More interesting news about Tocagen Inc. (NASDAQ:TOCA) were released by: Seekingalpha.com and their article: “Tocagen Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on August 09, 2019 as well as Nasdaq.com‘s news article titled: “TOCAGEN INC (TOCA) May Report Negative Earnings: Know the Trend Ahead of Q2 Release – Nasdaq” with publication date: July 30, 2019.

Tocagen Inc., a clinical-stage cancer-selective gene therapy company, focuses on developing and commercializing product candidates designed to activate a patient's immune system against their cancer. The company has market cap of $102.76 million. The Company’s cancer-selective gene therapy platform is built on retroviral replicating vectors , which are designed to deliver therapeutic genes into the DNA of cancer cells. It currently has negative earnings. The companyÂ’s lead product candidate is Toca 511 & Toca FC that is in Phase 2 portion of a randomized, controlled Phase 2/3 clinical trial for patients with recurrent high grade glioma (HGG).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.