No answers yet. Bashers say bluntly "this is a @#$% stock" but without any explanation. Not one of them provides a clear reasoning. It is yet unclear whether RPRX announcing PH3 results of their oral product had anything to do with 40 cents decline in atrs or was it simply a big investor pulling out completely taking profits to avoid risk of crl/rejection/delay? Is anybody buying today??
Two negative ratings came out on The 18th. Not sure what time. S&P IQ report and Rueters. Possibly the catalyst. I am not paying too much attention only because its the same old story. My investment is not on the past of the company but the future as is most of the longs on this board. Those reports do not indicate anything that hasn't been rehashed a thousand times on this board and others.
I don't know the reason why it dropped and I'm saying only the MM's do know. If data was "leaked" the PPS would either be tanking or flying. Definitely not sliding down 50 cents. This is a message board so speculation will run rampant.
i think $4 is where it belongs until the approval date, $3.50 if otrexup is rejected and $5 upon approval. The run up to $4.50 was too many people thinking approval was a done deal. Some investor(s) wised up to this reality and wants to sit and watch instead. The volume says it all, we go from 3mil yesterday to prob ending the day around 900k today
It could also be Deerfield unwinding 25% of their hold.. Deerfield has had some bills to pay lately, such as SEC fines, penalties and legal fees. I think the run back up in SP will be dramatic and I'm buying more here.