Initially it appears that small investors are dumping their shares in AH. However, with ASCO abstracts coming out soon, I get the feeling that Cldx may have some positive news coming which will allow them to get a higher price for their shares. We shall see, but I find it interesting that Cldx would announce this now without a sale date or price offering. I see no reason to dump my shares as Cldx's science hasn't changed in the last few minutes.
I believe the abstracts will be released at 6PM, but I am not sure. I have no idea if Cldx will present, or if they do, how many abstracts, but this offering would make a lot more sense to me if good news was coming soon. Although Cldx management has done some stupid things in the past, maybe they will get this one right.