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. (NASDAQ:SRRK) 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. (NASDAQ:SRRK) 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.