The trading behavior of this stock , is very strange. Today, It moves up on big block of almost 40K shares to $6.35, and then back to 6.28 on 800 shares. And today is not an exception, it has been trading like that for last 2 months. Considering this stock has a decent Float , it looks like MM cannot ensure fair (??) and orderly market for this security.
I'm sure the MM was told to keep a lid on SP so as not to let it get out of hand. Bayer has the digs in the company already which maybe discouraging other bigger fish like Pfizer to compete. Hence the lack of runs on any positive data.
LOL...I love the speculative talk in here sometimes. Like the market is corrupt or something. If there were buyers the share price will lift. I personally believe the trading action is completely normal.
There is just zero catalysts for this stock in the next six months. It's just a fact of life. So what do you get? Chop. Chop. Chop. Bears and bulls just moving in and out.
I'm in now simply because I think the bottom is finally in. And I don't want to miss the buyout.
BTW, $THRX selling just the way I like it. Booya! Below $32 and it's going to crack big time!