Scholar Rock (SRRK) Jumps 14% on Bargain-Hunting, Price Down 20.4% YTD

We recently published 10 Big Names With Surprising Gains. Scholar Rock Holding Corp. is one of Wednesday’s best performers.

Scholar Rock saw its share prices jump by 14.26 percent on Wednesday to close at $34.4 apiece as investors appeared to have hunted for bargains to take advantage of its cheap valuation.

Month-to-date, shares of the company were already down by 7.15 percent, while year-to-date, prices have already declined by 20.4 percent.

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In the second quarter of the year, Scholar Rock Holding Corp. saw its net loss widen by 89.6 percent to $110 million from $58 million in the same period last year. Operating expenses increased by 89.8 percent to $112 million from $59.5 million year-on-year.

In the first six months, net loss increased by 60 percent to $184.7 million from $115.36 million, while operating expenses grew by 60 percent to $189 million from $117.9 million.