I don't know if this buying frenzy is short covering, institutional buying, or someone having inside info which is what happened in the past with synta and failed eleschomol trial a couple years ago. That 1 million share buy at the very end of the day is very interesting and that seems like positive news is going to be released. Can' wait until Monday.
There were some nice sized buy trades also after hours. Yes why would someone buy over 1 million shares, that is a great question. That is a lot of money. As I have been saying, looking like someone wants in on this stock. Yes that 1 Million plus share BUY was great, but let us not forget about the HUGE volume the past few weeks. Millions of shares have been traded. Anyone else see the trading on Friday, we were trading somewhere like $7.15 then pow we ran up to $7.24 so quick, then we had some sellers take us back down to $7.14, ( also could of been stop loss orders ) then pow right back up to $7.24. My point is we ran up so quickly. I do not know about the rest of you, but I am holding onto my shares.