The DOJ announced an investigation into criminal activity for certain supplement makers. All supplement makers took a hit today. But it's now confirmed that NHTC isn't one of those companies being investigated (nor is GNC or HLF).
Copy and paste this link but first replace the word DOT with a . (i.e. with a real dot)
or perhaps you haven't noticed that pharma stocks are not in favor right now and have huge headwinds?
Let's see, in the past couple months:
VRX from $240 to $75
HZNP from $39 to $19
DPLO from $50 to $30
LCI from $72 to $35
MNK from $130 to $57
CXRX from $89 to $32
DEPO from $33 to $19
and a dozen others......
Investors are worried!!!!!!
so I guess you knew of the $4 drop in HZNP stock was coming when ES dropped their bomb? It's not a "baseless theory"....it just actually HAPPENED!!! Gezzzzz. And it could happen again.
Traders are also worried that Citron might attack HZNP or some shoe to drop with HZNP specifically or with the pharma companies doing rollups in general. That is a real concern, even if HZNP is "clean"
Yes, that's the reason for the selloff. He just decimated MNK. The implication is other pharma stocks that raise prices are next
1.5 bilion people with an average income of $2 per day. Yeah, this will be big. On average they can afford to pay nothing for anything.
Yesterday they had to move the stock price up over $2 just so they could price this at $39. THAT's why the stock moved so much yesterday. This way the buyers feel like they get a deal 5% below the trading price. The stock is going to fly on this pricing - basically the pricing is where the stock was trading yesterday morning!! (not 3 months ago like most pricings). This is a HUGE confidence booster.