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860k volume at the 1/2 point of the day is pretty heavy volume.
Open at 7, took it down to 6.84 so daily gap filled and now 7.12 on 180k volume in 1st 15 min.
Now 5.86. Volume 951 k
Almost 25,000 pre market shares traded in the last 10 minutes.
24,826 just goes thru at 4.085
On the website under our team, Kaufmann and Hammond are listed along with the new hires from last month.
Said they would be releasing full data soon but didn’t mention in an upcoming publication. Wonder if it is now at next months conference
Nice buying into the close which was 3.88 just off HOD of 3.89 (Up 4%). All the big bios down 1%+
Could coincide with the XBI moving higher but just broke 3.80 on some volume.
Just saw trades of 25,000 and 20,000 at 5.915 and 11,500 at 5.92
Perfect fill the gap and then pop higher.
Anyone have any thoughts on a 69,000 share trade at 8.78 at 4:46 pm?
The way I read the 10k and the prior 10Q, there has been very little dilution thru share selling in the last 4 months:
Total outstanding shares:
8/8/23 - 81,951,115
9/30/23 - 82,066,511 (+105,000 shares)
11/24/23 - 82,066,511 (+20,000 shares)
Last 3 1/2 months have seen an increase of 125,000 shares.
The 70,000 shares included a 32,500 share buy at 5.95
And now another 70,000 shares in the last 6 minutes. Trading at 6.00 on 335k as of 10:37.
Agree on the strange trading. 265,000 shares traded in the 1st hour is pretty heavy for this stock.
I’m sure it won’t hold but 5.50/5.70 innore market after 5.20 close.
100k shares traded. Not 1 trade of 100k. My bad.
Could be an interesting last hour. 100k share trade in last 3 minutes moving price from 5.57 to 5.65.
25k buy at 5.68 just went through.
Interesting trading day so far. Volume over 100k in 1st 30 min. Trading at the HOD up .05 while the XBI is down over $1. Also just saw a bid/ask of 6.24/6.31. Very unusual to have such a wide spread during trading day. Feel like today will be a covering day for short.
Interesting to note that every presentation is 30 minutes but the presentation after ours was moved to another day allowing possibly 60 minutes. Coincidence or moved to allow additional time.
14,555 at 8.22
Interesting day. Stock is up 1/2 % with XBI down 2.25% and SAVA 4.5%.
Decent bounce with some volume off of 8.00 including a 36,000+ share buy at 8.19. See if it holds.
It’s because today is quadruple options witching day. I believe it is 4 times per year. Volume is always way above average. Last year on this date the stock did 3.6 million shares of volume.
Very interesting start to the day as 148,000 went off at the open at 8.95. (Somebody shorting?) Price quickly dropped to 8.65 and now moving back higher. Almost 250k traded as of 9:50 am. With a trading holiday on Monday, be interesting to see if we get any short covering into the long weekend.
Do we go sub 9 again?
Now red. Unbelievable
Last 15 min. Up almost $1 on 700k volume.
Something is up. Almost 300k in last 5 minutes. 8.95 to 9.50
What’s happening. 8.95 to 9.30 on big volume.
Knoll Capital had sold 200k in the 1st q leaving 10,000 shares. Haven’t filed 2nd q yet.
Also State Street and Vanguard haven’t filed 2nd Q yet as per Whale Wisdom.
Blackrock added 159,491 in the 2nd Q to 5,737,650. Top 5 includes Geode Capital which added 47,414 to 1,452,878 and Bank of America whose 330,321 moves then into the top 5 at 836,775.
Updated dilution
2/7/23 78,032,135
3/27/23 79,607,792
5/8/23 80,837,723
Number show 2.8 million shares in the last 3 months and 1.2 million in the last 6 weeks.
Hopefully the 150 million in the bank can now hold us until a partner or revenues.
After some consolidation in around 9.08-9.18 we are now sitting at the HOD 9.26 on 830k volume as of 2:25. Could be primed for a big run into the close as the XBI had now rallied 2% and SAVA up 14%
Crazy huge spreads to start the day. From 8.07 to 8.60 in a blink
We enter the last hour of the day at 8.25/8.26 on volume of 745k
Interesting last hour coming up. Dropped from 8.25 to 8.12 and now back to 8.25. Still seeing good bid support and volume of 700k as of 2:50.
Definitely an interesting day. Up 6% to HOD at 8.25. Constant strong bid support. Volume increasing as the day goes on. XBI BIIB and SAVA all down between 1/2 and 1 1/2 %.
Decent early volume. Could be an interesting day. Have to see what direction