Acadia Pharmaceuticals Inc. (ACAD)

[EFHutton7]

It would be smarter if management waited until the SP reached 50 on its own and then sell for a much premium as possible. Perhaps prelim ADP data, scripts and/or rumors in general would get it there.
Hillary Pantsuit remains a major headwind for the sector however.
When a sector is bearish its prudent to use tech chart data as a barometer.
Acad is demonstrating a most perfect cup and handle formation.
It's almost as if events are happening to create that sort of bullish formation,
esp the handle. The handle took that dip after FDA approval and then turned up after the earnings call.
Now it's 'supposed' to hit resistance at its recent high then surge past it.
Doing the math one could extrapolate that if 'should' hit 50-52 on its own.
A buyout of course can destroy the cup and handle formation.
However if it happens at the terminus of the handle, in this case
just above 50, it would provide a real premium for shareholders, otherwise it would typically languish around there.
So perhaps with positive events (other than a BO) the SP hits 50 and then they sell to Biogen and they use shares to buy, since they are presently undervalued.