Why they downgrade VRTX while buying millions of VRTX shares themselves?
Please use your own judgement. If somebody planned to increse VRTX holding by 1969.76%, do you think that someone would upgrade the VRTX stock at the same time ? Of couse not. That somebody's own buying millions of shares alone would push the VRTX price doulble or triple if he did not downgrade the VRTX stock. If they wanted to buy tens of millions of VRTX shares, they had to downgrade VRTX so that VRTX price would not be pushed to skyhigh. That is easily understandable. This explained why their analyst downgraded VRTX while they themselves added 3,660,171 new shares of VRTX (a 1969.76% increase in holdings ). Just be patient. They will push the price to triple or 4 folds when they finish buying and plan to sell. That is my personal view, which you should not rely on without doing your own research.
If it was a company with billions of shares like BAC or MSFT then no need to do anything to get shares but VRTX has only 208 million shares that mostly owned by institutions. Those manipulator have to shake out some retail and small investors to get their shares only by downgrading the stock and writing some untrue statements. I don't know why these analysts find a rock to hide under. Shame on them.