Avid Bioservices Inc (CDMO)

[skweze]

Preferred buyers hedging makes sense, but how did that drive 80MM in volume? Unless an HFT algo picked up on the buying interest and tried to front run it, starting a snowball effect with day traders and other algo bots piling on... all imo.

CP, respectfully I cannot agree with that reasoning. The up & down ride was literally 2 days right at the beginning of March. Not enough time for people to be disappointed. I tend to agree with the stance Eyebuy was taking...run it up to $3 to allow the buyers of the preferred to hedge their positions.