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Insmed Incorporated Message Board

  • justarook04 justarook04 Feb 15, 2014 7:26 AM Flag

    New Ownership numbers as of this morning 2/15 now at 83.9%

    From Etrade (2/14) (8.4% loss of Inst ownership):

    Total Number of Shares Held 32,919,668 versus 36,033,944 (RA sold out ???)
    Large Block Owners 98 versus 100

    Currently 83.90 % versus 92.30% (2/12) Top Owners (Institutions and Hedge Funds)
    Currently 16.10 % versus 7.70% (2/12) Other Owners (the rest of us)

    So, Wedbush's $11 PT drop has had an impact. Odd part is they were the lowest of the Analysts' PT.

    Piper Jaffray $34
    UBS Ag $31
    Canaccord $30
    Lazard $28
    JMP Sec $25
    HC Wainwright $25
    Wedbush $7 (this looks to be based on something Wade thinks he knows)

    Sentiment: Buy

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    • Well, RA Capital sold almost 3 million shares all by themselves so that's the vast majority of the selling. The other 98 out of 100 large block owners likely snapped up those shares but, as always happens in cases like this, allowed RA Capital to drop their pants on the SP before they stepped in to buy. The clown at Wedbush knew nothing. He likely made his call based on knowledge of a large sale taking place and assumed others would follow - which they did not. Now we have all kinds of hints and actions being publicized by Insm to the contrary of the Wedbush clown's half a--ed "downgrade" based on zero analysis. Back up we go now.

      Sentiment: Buy

11.05+0.07(+0.64%)3:43 PMEDT