If they're not a little concerned about shedding $270M, they should be.
But we'll see what tomorrow brings, but management has definitely been less than stellar since the phase III results.
ACAD aside, it has been 3+ years without a 10% correction, we're overdue.
"Not warranted". Funny statement concerning a stock's price movement.
Zero interest rates can not continue indefinitely and oil prices will rebound.
Also, we've already had a strong move up from the market lows so a ballistic move up seems unlikely to me.
I think the lower guidance is what driving a lot of the selling.
There's a dark side to lower oil. A lot of capital spending is being taken off the table and the effects will ripple through the economy.
Finally, I don't think anyone is fearing the Fed raising rates at this point. With the rest of the world screwed up, looks like treasury yields will stay low.
We're in for a rough 2015.