.78 cents is the drop dead number we need to be careful of here. That is the May 2 low and the all time low in the stock.
Noticed some very big blocks traded today, 52k, 64k,68k and several in the 30k's. Right now 145k bid by 2k ask.
There are folks who would like to switch for other stocks and giving a lee way for shorts to close out their position.
Unsure how many people sold @80-81 cents to buy ARIA and lost huge today itself
For me like Savvy, it is an announcement from Takeda and an FDA approval for re-introduction.
Takeda needs to hurry up to bring the Drug to the market place, it is in their own interest too. The delay ensures the response to FDA will be very convincing for the re-introduction of the Drug.
Sentiment: Strong Buy