My broker says Insmed will reverse split to avoid the the minimum Nasdaq requirement....
What usually happens when a stock RS is after an initial runup the stock gets hit with profit takers.
With no news Insmed needs to get "Institutional visibility" as announced in the PR.This is the way it will happen.
I dont know why anyone would not think this would be a good move? at 9 dollars the stock would get on screens of brokers and the number of shares would be in line with a small bio! Then Insmed can add more shares.Sure the SP goes down wheb they do it but right now Insmed is enbarrassing