Avid Bioservices Inc (CDMO)

[bigdumbandugly]

c'mon you know the drill.
must-own dividend date has passed (3/16) - traders file out of preferred four abreast.
(hopefully some goes back into the common.)

of course an equal but opposite reaction occurs as we close in on next quarter's must-own date.
it's been pretty lucrative play for those who imbibe.

Just look at the monthly chart. It tells the tale.