An article today on TD Waterhouse just rehashed the same old "Our trial was a failure, but . . ." junk. Just flogging a dead horse until next year and this will only go up if Elagolix does not disappoint. If it does, then this is a penny stock. That is way too much risk to value this company at $700M+ right now. There will be a reset. I just hope the company insiders do not sell any more of their shares and that they don't raise any more cash through dilution. It is a long way off to see any profits in this one.
Hey rookie---when restricted stock vests---which is part of compensation (salary/potential bonus/restricted stock with exercise dates in the future) there is an automatic sale to cover the immediate tax portion due when it comes off restriction. I don't expect most people who do not work for a public company who pays their employees on these measures to understand. This happens all of the time & needs to be distinguished when people are looking at OPEN MARKET sales (non-restricted) when using this information for investment purposes.