Avita Medical Ltd (RCEL): A dump leading up to earnings is not a g...

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Avita Medical Ltd (RCEL)

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Re: miketrav69 post# 4753

Friday, 01/24/2020 11:19:02 AM

Friday, January 24, 2020 11:19:02 AM

A dump leading up to earnings is not a good sign folks.

I think you're reading into the drop too much by assuming it's earnings-related. Same thing happened to the stock last quarter, we dropped from upper $9s all the way down to low $8s in the week before Q3 earnings came out. Earnings came out, were good, and the stock rallied back up towards $10 the next week.

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