There was heavy volume today at the open with buying pushing the price up. Then trading slowed with a slow decline to end the day. Any reason for almost double the amount of shares traded today and what it means?
I've revised my estimates. The biotech index has been slammed in Q1 and has been a lagging indicator. Looks like that is changing and is catching up with the rest of the indexes. If it continues, and there is no huge downturn in the markets, NKTR could easily hit 20 pps by June.
With no news expected till second half of the year, this stock will essentially move with the biotech index. The biotech index has been crushed lately and looks to recover along with the rest of the market. When that happens, I see this potentially hitting 4 -5 pps along with expected news second half.
Nektar outpacing sector on very good strength. We should see 16 in no time leading up to earnings early June. I picked my purchase perfectly at 10.80. I'll start off loading some at 16-17 on the next short squeeze.