Not like SRPT, that was a couple of minutes, this is certainly longer. Certainly more profound. It'll be interesting to see what comes out. Stocktwits has a statement from Needham questioning the drop.
SRPT, which has been on the move up for the past month, dropped from $29 down to $24-ish for a few moments today, then settled at $27. Total bear raid. Big guys loaded up.
Not sure if this is the same, but the timing as the market went red is suspect. VELT has been a very big recovery play, and certainly some correction was due. I don't imagine 4.10 will last down here for too long, but I guess we'll see if news comes out.
I'm not in VELT but I have been looking for an opportunity to get in. This *may* be it. At the very least, there may be some great trading opps.