With MNKD up 70% since the Advisory Committee meeting in April, and up 100% for the year, profit taking on the FDA approval is not surprising. Buy on Rumor, Sell on News.
The stock price should get a boost to new highs when the Marketing Partner is announced, which might happen in a few days to a couple of weeks. I expect on or before July 16.
How high will MNKD go? I am disappointed to date, but $20 after the partner announcement.