Large blocks bought at end of day and in After Hours Trading
The last trade of the day was a little over 50K shares traded at 3.97 and an after hours block of 50K shares traded at $4.02. I didn't get to watch the action towards the end of the day...maybe there were more blocks that traded at the end of the day...but someone pumped in at least $500MM at the end.
It appears that we have some big buyers coming back in. Expect the price to climb nicely next week. Good luck longs....the time is near for some upwards movement.
Synta has a partnership with GlaxoSmithKline for the joint development and commercialization of its lead investigational drug candidate, elesclomol, which is in a global, pivotal Phase 3 clinical trial for the treatment of metastatic melanoma.
Its been tough times here richard; the stock price, the sector, CEO departure, Lung cancer setback.....there has not been much to get excited about for awhile. But I am confident that will change; at least Kovner has been a huge support from an Insiders perspective.