"""Synta Pharmaceuticals Corp. (NASDAQ:SNTA) announced the launch of its Hsp90-inhibitor Drug Conjugate (HDC) platform, which leverages the Company’s expertise in chaperone biology and medicinal chemistry to create a new class of anti-cancer therapies Opinaldo, 2015, StreetInsider). """
How about Gollust buying @ 180K shares and the selling the same amount the next day.
That seems to be a tax write off
I don't usually mention other stocks on boards but IDRA looks like things are happening. I've owned the stock for a few years.
Just signed a collaborative deal with GSK and the stock is currently only $3.50/share
They have over 600 Locations in the US with them generating $800 MIL + in revs. Synta Pharma was a bust earlier this year. Get out.
Don't think the selling by insiders is for tax reasons. There is obviously a "lighting of the load" and "hedging bets". My question is - does anybody have the current status of shares owned before and after this meltdown?
Obviously they didn't dump it all so that's a good sign. And true if you want to show a loss you want to sell at what you think is the bottom.
I'll keep this short and sweet...Google "PennyStock101' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
Check Nasdaq'a site, yahoo is slow to post changes.
Funny thing is they didn't even sell close to half of their shares.
Kovner still owns millions of shares as do the other directors.
So, who knows?