It was very good, wasn't it? Then, why down big? If the answer is sell the news, then why do most all stocks go up big on good news? Does someone decide which stocks are sell the news stocks? It is not like CLDX was selling at its high before the news.Any insight is appreciated.
Yes the news was good, but it wasn't great. When I say it wasn't great, it isn't anything against how the trials turned out, but rather, some people were in the stock as a cure-all for cancer, on that long-shot hope. For them it was a lottery ticket. They didn't hit the jackpot, so they dumped out.
In a few days, after all the experts have weighed in, the stock will start climbing again based on reality.