The number of ownership is not important, the important thing is the CHANGE! Let's say 65% is high, good? how about three days ago it's 85%? On the other hand, 13% is low, but it's from 2% three days ago.
In XOMA's case, what's the number one week's ago and today's number? Anyone knows how to find the real UPDATE INFORMATION?
institution doesn't have report real time trade so ...data won't be that accurate to day to day change...tomorrow opening will be interesting...I think stock take beating for lack of news....last hour THURS. frantic buying was pure speculative trading only my opinion.
Institutional ownership is around 10%! Xoma dilutes every 3 months to survive. Insitituional didn't buy any shares of Xoma anymore, so Xoma decided to sell shares at the market. They were running out of cash, but volume has been too low to sell mlns of shares. So, they pumped up to dilute. That's it!