could today be a short trap and get an outright bid for the company tomorrow? I'm sure if they wanted to they could have partnered already and bio's with no partner are acquisition targets. I can't believe insm is going to be a stand alone company - I could see insm and abbievie merging into one company now that premiplex is valued at $1 billion annually as they took out shire
Short ration was 63.6% today. Shorts did not cover but actually increased their short positions. The drop today was cross selling and churning. That's why the analysts were scratching their heads as they saw the news as a net positive that gives more visibility into when Arikace will begin selling product.
Absolutely correct... Today's news was confirmation that INSM is on a rock solid track. It is literally money in the bank. I do not understand the price drop, your theory appears reasonable. Admittedly though, I've grown a tad tired of these additional buying opportunities and the manipulative forces that be. Does not matter in the long run... :)