No Volume MM's walking it back down to 1.10..Someone loaded up though...
Someone got a few million shares for under 1.30 with MM's help. I wouldn't be surprised if we go back to 1.10 again right before we see another 6 million day. This will go on until whoever is buying has had their fill.
Yep, another low volume, dramatic price drop. The price volume trend doesn't justify the PPS at all. I have to believe this low price represents a buying opportunity. I'm just not sure what could be the trigger other than partnership or significantly better 4Q numbers. It's hard to believe that EU approval would trigger a significant upswing given that its all but a sure thing, but hopefully it will.
If they continued to buy at 1.30, that might initiate a run which would not be good for them. If I had a million bucks, I'd park the entire amount in SVNT. It would be hard to acquire that amount without volume or MM's help. At 600k volume days, a 10k orders can swing pps a few pennies.