I am wondering whats going on with this share. Looks like this is going down fast. I tried to look for any news for this stock but I could not find any. Would help if someone can share any information they might have about this stock. Is this still a hold ?
Looks like the stock got a bump from the patent news, the price increased pretty rapidly and that created a short squeeze, driving the price even higher as short sellers had to cover. At that point many people took their money and ran, selling off pretty quickly over the course of a couple days, driving the price back down to where it basically was.
Was wondering what was causing the fluctuations too. The short squeeze along with folks cashing in on a quick 30% gain makes sense. But is this a good LONG? It's market cap is so small that it will be off limits to most of the institutional investors. It sure looks interesting. Nothing to speak of on the balance sheet or earnings but I did note that insiders were making open market purchases and their CEO appears to have a track record that leads me to believe this would be an acquisition target for a bigger pharmaceutical. I don't know enough about this to understand the market for stick on contraceptives