$CCCC

C4 Therapeutics Inc

  • NASDAQ/NGS (GLOBAL SELECT MARKET)
  • Health Technology
  • Biotechnology

PRICE

$43.14 -

Extented Hours

VOLUME

194,435

DAY RANGE

42.91 - 44.05

52 WEEK

22.4 - 48.98

Join Discuss about CCCC with like-minded investors

profile
@DarkPoolAlgo #Dark Pool Charts
recently

/*============================================= = Thursday, June 17, 2021 = =============================================*/ Futures Up/Down % Last Dow -110.00 0.32% 33,795 S&P 500 -16.25 0.39% 4,196 Nasdaq -87.50 0.63% 13,885 U.S. stock futures are lower, with major averages looking to open down between -0.3% and -0.6% after the Federal Reserve left interest rates unchanged on Wednesday but signaled it expected to boost interest rates two times by the end of 2023, earlier than Wall Street had anticipated. Treasury yields ended higher yesterday, as the 10-year holding around the 1.57% level (up roughly 8 bps prior to the Fed announcement). The number of Fed governors who expect rate hikes as early as 2022 – known as the dot plot – went to seven from four, essentially translating into two rate hikes in 2023 based on growth and inflation projections from the 18 members of the FOMC as the economy recovers rapidly from the effects of the pandemic and inflation heats up. Banking shares rally, however, as bond yields rise, with the 10-year Treasury hitting 1.55%. Chairman Jerome Powell also said officials discussed an eventual reduction of bond-buying, though the timing of such a move remains uncertain. In Asian markets, The Nikkei Index dropped -272 points to 29,018, the Shanghai Index rose 7 points to 3,525, and the Hang Seng Index gained 121 points to settle at 28,558. In Europe, the German DAX is down around -20 points to 5,695, while the FTSE 100is down -30 points at 7,150. Precious metal prices are plunging with gold and silver down sharply as the U.S. dollar rebounds. Market Closing Prices Yesterday The S&P 500 Index slipped -22.89 points, or 0.54%, to 4,223.70 The Dow Jones Industrial Average fell -265.63 points, or 0.77%, to 34,033.67 The Nasdaq Composite dipped -33.22 points, or 0.24%, to 14,039.68 The Russell 2000 Index declined -5.38 points, or 0.23% to 2,314.69 Events Calendar for Today 8:30 AM ET Weekly Jobless Claims…est. 359K 8:30 AM EST Continuing Claims…est. 3.43M 8:30 AM EST Philly Fed Business Index for June…est. 31.0 10:00 AM EST Leading Index MoM for May…est. 1.3% 10:30 AM ET Weekly EIA Natural Gas Inventory Data Earnings Calendar: Earnings Before the Open: $CMC, $JBL, $KR Earnings After the Close: $ADBE, $SWBI Other Key Events: Cowen Annual Future Health Conference (virtual), 6/16-6/17 Deutsche Bank Global Auto Industry Conference (virtual), 6/16-6/17 European Hematology Association (EHA) Virtual Meeting, 6/9-6/17 Macro Up/Down Last Nymex -0.07 72.08 Brent -0.10 74.29 Gold -10.10 1,801.35 EUR/USD -0.0063 1.1932 JPY/USD 0.05 110.76 10-Year Note -0.007 1.562% World News Brazil’s Central Bank raises rates by 75bps to 4.25% as expected; indicates it may do so again next meeting Swiss National Bank rates unchanged -0.75% as expected; Franc remains highly valued; prepared to intervene in FX markets; as necessary; 2021 GDP expected 3.5% vs. 2.5-3.0% previous Sector News Breakdown Consumer Lennar Corp. ($LEN) Q2 adj EPS $2.95 vs. est. 42.36; Q2 revs $6.4B vs. est. $5.91B; Deliveries of 14,493 homes, up 14%; new orders of 17,157 homes, up 32%; backlog of 24,741 homes, up 38% (backlog dollar value of $11.0 billion, up 56%); homebuilding net margins of $1.1 billion, compared to $655.1 million and gross margin on home sales of 26.1%, compared to 21.6% Honest Company ($HNST) 1Q adj EPS ($0.05) vs. est. ($0.06) on revs $81Mm vs. est. $79.3Mm; digital channel revenue increased 2% to $42.5 mln in q1 of 2021 compared to q1 of 2020 (downgraded to Neutral at Guggenheim) China’s market regulator has commenced an antitrust probe into Didi Chuxing as it prepares for a U.S. IPO, Reuters’ reported Energy, Industrials and Materials Northern Oil and Gas, Inc. ($NOG) announces core Permian basin bolt-on acquisitions of $102.2M; management intends to submit a request for a 50% increase to quarterly dividend; commenced underwritten public offering of 5 mln shares of its common stock Northern Oil and Gas ($NOG) 5M share Spot Secondary priced at $17.25 Culp Inc. ($CULP) Q4 adj EPS $0.11 on sales $79.1M vs. est. $0.08 and $66.1M; sees near-term headwinds temporarily pressuring business in FY22 The Federal Aviation Administration issued a directive for Boeing ($BA) requiring operators of 737 MAX airplanes to conduct additional inspections for the plane’s automated flight control system. The directive makes mandatory instructions released by Boeing in December that recommend that planes with more than 6,000 flight hours be subject to specific electronic checks. Financials The Justice Department said late Wednesday it would sue to stop insurance broker Aon’s ($AON) $30 billion bid for Willis Towers Watson ($WLTW) citing antitrust concerns. Shares of Arthur Gallagher ($AJG) shares fell – recall the co had agreed to buy assets from the two insurance brokers were selling in order to get antitrust approval in Europe Angel Oak Mortgage ($AOMR)2M share IPO priced at $19.00 The9 Limited ($NCTY) selects Coinbase Custody, a wholly owned subsidiary of Coinbase Global ($COIN) as the custodian for The9’s digital assets, including Bitcoin BNY Mellon ($BK) upgraded to Outperform from Market Perform at Keefe Bruyette Northern Trust ($NTRS) downgraded to Market Perform from Outperform at Keefe Bruyette Voya Financial ($VOYA) downgraded to Neutral from Buy at Citi Healthcare CureVac ($CVAC) shares fell 45% after saying its COVID-19 vaccine was only 47% effective in a late-stage trial, missing the study’s main goal and throwing in doubt the potential delivery of hundreds of millions of doses to the European Union. C4 Therapeutics ($CCCC)25M share Secondary priced at $37.00 iSpecimen ($ISPC)25M share IPO priced at $8.00 Biogen Inc. ($BIIB) announced topline results from its Phase 2 TANGO study of gosuranemab (BIIB092), an investigational anti-tau antibody that was being evaluated as a potential treatment for Alzheimer’s disease. Satsuma Pharmaceuticals ($STSA) announces positive pharmacokinetic, tolerability and safety results from phase 1 trial of sts101 at multiple dose strengths Tarsus Pharmaceuticals ($TARS) has initiated dosing participants in its first clinical trial for TP-05, a novel, oral, non-vaccine therapeutic for the prevention of Lyme disease. Lyell Immunopharma ($LYEL) 25M share IPO priced at $17.00 Verve Therapeutics ($VERV)04M share IPO priced at $19.00 Technology, Media & Telecom Baidu ($BIDU) is partnering with BAIC Group’s EV brand ARCFOX to jointly release Apollo Moon, a new generation of robotaxis that are set to be mass-produced with a per unit manufacturing price of RMB 480,000 Nokia ($NOK) to expedite rollout following the availability of a 3.5GHz spectrum; the improved services will offer premium 5G speeds to customers. Elbit Systems ($ESLT) subsidiary has been awarded two orders with an aggregate value of ~$29M by the US army’s program Urban One ($UONE) files to sell 2.93M shares of Class A common stock for holders

61 Replies 12 👍 13 🔥

profile
@DarkPoolAlgo #Dark Pool Charts
recently

/*============================================= = Tuesday, June 15, 2021 = =============================================*/ Futures Up/Down % Last Dow -3.00 0.01% 34,272 S&P 500 2.25 0.05% 4,248 Nasdaq 10.50 0.07% 14,127 Another day, another record for the S&P 500, with futures looking to a slightly higher open ahead of a key round of economic data (monthly retail sales at 8:30 AM along with the producer prices index (PPI) inflation reading, which follows the “hotter” CPI report last week) while investors await results of the two-day FOMC meeting tomorrow afternoon. The central bank will make an announcement on interest rates Wednesday, followed by a news conference from Fed Chairman Jerome Powell. Stocks in the U.S. were slightly higher Monday in a listless, tight trading range all day prior to a surge in the final minutes of trading that took most major averages higher, allowing the S&P 500 and Nasdaq to close at record highs led by gains in large cap tech. In Asian markets, The Nikkei Index rose 279 points to 29,441, the Shanghai Index fell -33 points to 3,556, and the Hang Seng Index dropped 203 points to 28,638. In Europe, the German DAX is higher by around 70 points to 15,740, while the FTSE 100 is up about 20 points to 7,165. It should be a relatively quiet day again with all eyes on tomorrows FOMC meeting. Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:30 AM EST Producer Price Index (PPI) MoM for May…est. 0.6% 8:30 AM EST Producer Price Index (PPI) YoY for May…est. 6.3% 8:30 AM EST PPI Ex: Food & Energy (core) MoM for May…est. 0.5% 8:30 AM EST PPI Ex: Food & Energy (core) YoY for May…est. 4.8% 8:30 AM EST Advance Retail Sales MoM for May…est. (-0.7%) 8:30 AM EST Retail Sales Less Autos MoM for May…est. 0.2% 8:55 AM ET Johnson/Redbook Weekly Sales 9:15 AM EST Industrial Production MoM for May…est. 0.6% 9:15 AM EST Capacity Utilization for May…est. 75.1% 10:00 AM EST Business Inventories MoM for April…est. (-0.1%) 10:00 AM EST NAHB Housing Market Index for June…est. 83 4:00 AM EST Net Long-term TIC Flows for April 4:30 PM ET API Weekly Inventory Data Earnings Calendar: Earnings Before the Open: $KPLT Earnings After the Close: $ATEX, $HNST, $HRB, $LZB, $ORCL, $STEP, $VOLT Other Key Events: Citigroup European Healthcare Conference (virtual), 6/14-6/16 European Hematology Association (EHA) Virtual Meeting, 6/9-6/17 FBN Securities Valley tech Tour (virtual), 6/14-6/15 Northland Customer Engagement SaaS Conference (virtual), 6/15-6/16 Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference (virtual), 6/15-6/16 China Retail Sales for May Market Closing Prices Yesterday The S&P 500 Index gained 7.71 points, or 0.18%, to 4,255.15 The Dow Jones Industrial Average fell -85.85 points, or 0.25%, to 34,393.75 The Nasdaq Composite jumped 104.72 points, or 0.74%, to 14,174.14 The Russell 2000 Index declined -9.66 points, or 0.41% to 2,326.15 Macro Up/Down Last Nymex 0.46 71.34 Brent 0.47 73.33 Gold -1.45 1,864.75 EUR/USD 0.0005 1.2125 JPY/USD -0.03 110.04 10-Year Note -0.014 1.487% World News Germany May CPI: m/m 0.5% in line; y/y 2.5% in line; HICP m/m 0.3% in line; y/y 2.4% in line France May CPI: m/m 0.3% in line; y/y 1.4% in line; HICP m/m 0.3% vs 0.4% cons; y/y 1.8% in line Italy May CPI: m/m 0.0 in line; y/y 1.3% in line; HICP m/m -0.1% vs 0.0% cons; y/y 1.2% vs 1.3% consensus Sector News Breakdown Consumer Kohl’s ($KSS) said it sees FY sales +mid-high teens vs 2020, below the consensus of up +20.85% Vroom, Inc. ($VRM) announces proposed convertible senior notes offering/to offer $500 mln of convertible senior notes due 2026 Spirit Airlines ($SAVE) estimates its load factor for Q2 will be about 84.0%, total operating expenses, excluding special items, for q2 2021 are tracking towards better end of co’s initial guidance; now expects its Ebitda margin, excluding special items, for q2 of 2021 to be modestly positive; expects that air travel demand will continue to gradually recover in 2021 H&M shares slipped after Q2 sales were lower than expected, hurt by China and European restrictions; Q2 sales were up 62% year on year to SEK 46.51 bln ($5.59 bln), but still down 19% – when compared with two years earlier Ford ($F) says production of 2021 Ford Bronco is underway at the Michigan assembly plant Energy, Industrials and Materials FedEx Corp ($FDX) increased quarterly cash dividend by $0.10 per share, or 15% Mosaic ($MOS) announced its May 2021 sales revenue and volumes May Potash sales volumes in thousands of tons 891 versus 810 in May of last year Fastenal ($FAST) downgraded to Underweight from Equal Weight at Morgan Stanley Financials Discover Financial Services ($DFS) credit card delinquency rate 1.01% at may end vs 1.12% at April end; credit card charge-off rate 1.78% at may end vs 1.54% at April end Capital One Financial ($COF) May domestic credit card net charge-offs rate 2.33 % vs 2.40% in April; delinquencies rate for auto 3.14% at May end vs 2.74% at April end Blucora $(BCOR) raises Q2 non-GAAP EPS view to $1.12-$1.21 from $0.94-$1.11 and ups revenue view to $250.0-$254.5M from $238M-$249M (vs. est. $243.4M) MicroStrategy ($MSTR) has filed a registration statement with the SEC for the potential offering of its class A common shares Principal Financial ($PFG) downgraded to Neutral from Overweight at Piper Sandler Arbor Realty ($ABR) 6M share Spot Secondary priced at $18.65 Alexandria Real Estate ($ARE) 7M share Spot Secondary priced at $184.00 Ellington Residential ($EARN)25M share Spot Secondary priced at $13.20 Rowe Price ($TROW) declares special cash dividend of $3.00 per share Healthcare Biogen ($BIIB) announces topline results from phase 3 gene therapy study in Choroideremia; says phase 3-star study did not meet primary or key secondary endpoints Sage Therapeutics ($SAGE) and Biogen ($BIIB) announce positive pivotal phase 3 results for zuranolone, an investigational two-week, once-daily therapeutic being evaluated for major depressive disorder; rapid onset of treatment effect was seen in hamd-17 results at days 3, 8, and 12 AstraZeneca ($AZN) announces that its antibody cocktail, AZD7442, didn’t achieve a statistically significant reduction in the risk of symptomatic COVID-19 after exposure to the virus, failing to meet primary endpoint of the STORM CHASER trial Ampio Pharmaceuticals ($AMPE) receives approval to expand enrollment of its ap-019 phase ii study to India; phase ii study will utilize inhaled Ampion to treat those suffering from respiratory distress due to covid-19 NanoString Technologies (NSTG) and the Parker Institute for Cancer Immunotherapy ($PICI) are collaborating on an expansive molecular characterization project for cellular therapies Novavax ($NVAX) announces positive results from first study of influenza vaccine and covid-19 vaccine candidate administered simultaneously and that study demonstrated no early safety concerns C4 Therapeutics ($CCCC) files to sell 4.25M shares of common stock Rapt Therapeutics ($RAPT) offers to sell $125M in common stock Technology, Media & Telecom PING Identity Holding ($PING) files prospectus related to offering of 32.7 mln shares of common stock by selling stockholders Vimeo ($VMEO) says May avg. revenue per user up 18% and May total revenue up 42% Applied Materials ($AMAT) files debt securities shelf

66 Replies 8 👍 9 🔥

Key Metrics

Market Cap

1.86 B

Beta

0

Avg. Volume

319.08 K

Shares Outstanding

43.20 M

Yield

0%

Public Float

0

Next Earnings Date

2021-08-12

Next Dividend Date

Company Information

C4 Therapeutics is a biopharmaceutical company focused on harnessing the body’s natural regulation of protein levels to develop novel therapeutic candidates to target and destroy disease-causing proteins for the treatment of cancer and other diseases. This targeted protein degradation approach offers advantages over traditional therapies, including the potential to treat a wider range of diseases, reduce drug resistance, achieve higher potency, and decrease side effects through greater selectivity.

Website:

HQ: ,

Related News

  • Seeking Alpha

    C4 Therapeutics raises $157M via equity offering

    17 Jun 2021, 03:52
  • Intrado Digital Media

    C4 Therapeutics Announces Pricing of Public Offering

    16 Jun 2021, 23:51
  • Seeking Alpha

    C4 Therapeutics launches proposed capital raise

    14 Jun 2021, 20:20
  • Intrado Digital Media

    C4 Therapeutics Launches Proposed Public Offering

    14 Jun 2021, 20:12
  • Seeking Alpha

    C4 Therapeutics gets dosing underway in early-stage CFT7455 lymphoma trial

    14 Jun 2021, 12:15