I firmly believe we now clearly see why so many insiders in Acadia sold thousands of shares recently! I believe for 'some unknown reason' they knew this big drop was about to take place. Maybe ACAD presentations
upcoming can give us - as investors - a better idea of what possibly lies ahead and NO guessing! I am holding!
You are totally correct---although I also feel the same way about KERX which has their PDUFA and drug approval scheduled for June 7th. But Pima will be one of the biggest drugs to come into the market as far as demand and unmet need goes reaching sales well into the BILLIONS just with Parkinson's psychosis. The other applications will allow the stock to reach well above $50/share and likely at least $75-$100/share within 3 years. So far there seems to be no downside or concerns with pima and we should be hearing more good news regarding the stability and drug interaction studies very soon. When good news is revealed the stock should have a considerable POP.
The entire sector sold off, this is not company specific...There is no secret and will be no news of any upcoming..The insider sales are pre-filed years in advance and normally are not subject to be changed, SEC rules violations...
insider selling is part of most small bios, Uli sold in the 17s, how is that fit in your concept of "they knew the drop is coming"? those sells are pre arranged a year in advance and just part of executive compensation package