JPM is "too big to fail". QCOR isn't. A more apt comparison is MRK and PFE, which paid $950M and $1.3B for illegally promoting drugs. A fine like this could lead to QCOR going bankrupt.
" These agencies simply aren't going to shut down this drug to the detriment of many." I think the concern is not that the agencies will shut down the drug, it's that they will either levy a huge fine or mandate that the price be cut to be closer to what it once was.
Point is, it's old news. It was issued prior to the FTC investigation news, prior to the Citron reports, prior to the HealthNet coverage change. It means nothing now.
Looks like folks were waiting for the beige book, then volatility plummeted.
At the end of the day: VXX down 1%, market flat, VIX up 1.1%. Just like we've come to expect!
Original was out Nov 25. http://finance.yahoo.com/news/short-squeeze-ahead-questcor-pharmaceuticals-152905353.html
More likely: you're making this up, and the real reason for the drop is the HealthNet coverage change.