This is a great operation that's been shooting lights out for the past few years with double digit growth and even better improvements to its bottom line. But the growth in the stock price this past year has been running ahead of those nice growth numbers. Ironically go back a couple and it was probably running behind.
I suspect the institutional guys are looking at that and backing away bringing the price back in line with the growth.
Never? NEVER? Good grief. How long have you been following this company? How well have you done your homework? I've been following Anika since it was spun off from the now-owned-by-Bard parent company, Medco Inc., more than 20 years ago (my first 45 shares were actual spinoff shares, and I still have them). I've known "dips" that you couldn't imagine in your wildest dreams, and for "protracted" periods of time. I've seen share price swings that you would only believe if you went to the Anika website and looked at the entire history of share prices.
Does anyone think we might be close to (or are at) a float lockdown ? It doesn't seem that even after the institutions brought the SP down in the last 2 weeks, that they were able to buy that much !!
In this small float, how many more shares can they grab before the next earnings announcement rockets the SP again (in week of Feb. 24-28, until further notice --- they usually notify the earnings announcement date 2 weeks before the actual date) ??