Doesnt make sense. The stock did not run far up from the price they purchased, which is $26.78 and $27.11. My humble guess is people panic because it has crossed targeted price. It will back up, no problem. But for now I dont see any floor.. lol
So the result of Phase III design discussion to FDA should come out sometime in September. At the same time they are going to meet Regulatory Department/Committee in Advance Country for the same reason they will talk to FDA. Basically they are working and with US regulation and EU which is smart thing to do. The company has conservative approach to investors with the purpose not to provoke anything as the representative says (I thank them for that). Considering that any news from the company should be solid truth...So, next month we expect news from FDA meeting and right after that from European regulation meetings. I conclude the company see positive light in research since they put all this effort in place. Also, I asked about partnership. I think they will start Phase III on their own (have money for that) and if the development goes in the direction they will need more money and will go into partnership. Pretty smart! Hold on to your shares!
Name Shares Held Position Value Percentage % Ownedof SharesOutstanding Turnover Rating
Tencent Holdings Ltd 14.3M $253,857,067 +55% 82.2% Low
GIC Private Limited 5.5M $97,735,000 +21% 31.7% Low
T. Rowe Price ... 947.2K $20,119,229 +4% 5.5% Low
Och-Ziff Capital ... 850.8K $18,071,969 +3% 4.9% High
T. Rowe Price ... 846.4K $17,977,111 +3% 4.9% Low
Temasek Holdings ... 603.8K $12,823,947 +2% 3.5% Low
Fidelity ... 446.1K $9,475,737 +2% 2.6% Low
FIL Investment ... 412.8K $7,334,976 +2% 2.4% Moderate
Fidelity ... 382.3K $8,119,627 +1% 2.2% Low
JPMorgan Asset ... 316.4K $6,720,166 +1% 1.8% Low
15:59. $26.60. 9,000 shares
16:00. $26.77 1200shares
16:01. $26.90. 2400 shares
16:23. $27. 32,000 shares !!!!!!!!
16:26. $27.28 26,98 shares
16:26. $26.52. 2698 shares Less
And I am not talking about how many 10K of purchase happened today . For the "junk" stock too much of money flow in especially it's not a cheap stock. !!!