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Monday, June 09, 2014 12:25:42 PM
Galena Biopharma saw its stock price shoot up from $2.35 a share July to $7.77 in January only to watch it plummet after an online reporter disclosed a marketing campaign that employed a company called The DreamTeam Group to place articles and generate "buzz." Before the drop in stock price, company directors and officers made millions by selling hundreds of thousands of shares.
Seeking Alpha managers have taken down some articles affiliated with the DreamTeam Group campaign after it turned out authors were using multiple names to post nearly identical articles.
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