Anavex Life Sciences Corp (AVXL)

[jimmy667]

It likely had to do with Biogen scrap heaping is PDD drug.
6 million shares after market over one million in a 10 minute window at the peak volume 7.15 pm. Over $17 million buy in in 10 minutes. Not likely traders. In other news BlackRock filed a 13/g yesterday after the close revealing they now hold 3.8 million SHARES 5.5% of float. After hours in one day 6 million traded more approx 10% of the float. After hours! One day!
In other news Biogen hid a little gem in its 4th Quarter report filed TODAY FEB 3RD That Biogen halted and stopped development of its lead drug for Parkinson's Dementia. This leaves only the Drug Aducanumab as anything substantial in Biogen pipeline. Aducanumab is in serious doubt
So...
This move may have more to do with Biogen then SAVA...Biogen has been active in partnering and investing lately doing 10% deals with both Denali and Sage.
At any rate to much volume to be a pump.
The Missile is out of the tube and I do not think it is coming back but maybe go much higher. Not advice. Do what your own DD says..but my humble opinion is to HOLD ON TIGHT!!