This is SRB ASSOCIATES IX L.P . hedge fund. old news. They got shares at IPO price , now they exiting position . Even they considered as insiders (over 10% holdings) , they have nothing to do with company business . Just making money from financial transaction. What is new here?
How can you blame them for not selling , if they got shares under $15 ?
where do you see that? I dont see any latest Sec 4 filing for such huge amount of shares. There are insiders selling for last 6 months, but it started right after lock-up expiration period. So, it's a common practice after IPO lock up period expires, insiders start selling - nothing new . One hedge fund closed the position in ALDR recently , SRB Associates, but again , nothing alarming . There are pleny of institutional holdings in this stock
over 1070 contracts July $6 were traded . Some of them were sold at .10 , but most of them were Buys - at .10 and .15 . One big lot - over 400 contracts were bought at 0.10 . Considering that this option will expire in 2 weeks , and stock has very low volatility - standard deviation at .18 - somebody is betting on some kind of news coming between now and July 17 .
it was index fund rebalancing - Russell 2000 and 3000, as well as some less known indexes were rebalanced on Friday. ECYT was a part Russell micro cap index . More likely ECYT was kicked off the index funds due to stock performance, which is a not a big deal - most of these indexes are performance based .
It could explain recent selling pressure for ECYT stock.
agree. new low is coming . Buying interest is close to 0. No news from the company . Short interest is at the highest point ( not by number of shares, by number of days to cover- that's more important ). I'm just curious why so many people on this board so excited regarding this company , and absolutely zero interest from investment community ?