News is great, but the share price increase is disappointingly small
I had the same thought on the first trading day after the great CDX-011 results were released: December 10, 2012. CLDX closed at a little over $7 on that day. Now look at it one year later: the market realized the value that was there and the share price increased over threefold. One year from now, the market will similarly realize the value that is here, and the price will be over $75 per share.
It is, but successive days of 7%,8%, 9% declines brought the share price waaaaaay below where it should have been when today's news was released. A 15% increase over $21.50 is not the same as a 15% increase over $31.50.
It was manipulated today when it hit 29 area the hedge funds did not like it, I have seen this trading pattern alot with stock that are owned by some of our hedge fund friends. I hope they move out of the way and let it go. Price should be 40 by end of next week .