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Insmed Incorporated Message Board

  • fudfighter4 fudfighter4 Dec 3, 2012 3:51 PM Flag

    Back to $8 fairly quickly?

    650,000 shares were sold on Friday during a "panic sell-off" at prices as low as $6.50.

    Only a few days earlier the share price was over $8.

    My gut feeling Friday was that there were only two realistic explanations for the sale of so many shares at such a significant discount to the going price - either bad news had been leaked, or this was no more than a desperation move by investors looking to buy shares who wanted to nullify the perception that the share price would shortly be over $10.

    If there WAS a leak - would not Insmed have held back the SEC filing on the new presentation until it could be amended to reflect the new position?

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13.52+0.23(+1.73%)Oct 20 4:00 PMEDT

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