CryoPort Inc (CYRX)

[H2R]

Fire at the New Prague Facility

http://ir.cryoport.com/news-releases/2022/01-31-2022-223509366

I had been wondering why the crazy drop for CYRX until I saw this article.

While Cryoport anticipates that the reduced operations at the New Prague facility will adversely affect Cryoport's financial results for the first, and possibly second quarter of 2022, Cryoport does expect that a significant share of the loss resulting from the fire damage will be covered by its property and business interruption insurances.

Arg. This stock is going to remain depressed for a while. I did make good money on it and I've been playing with house money for a while, but I still need to think about the strategy here. Is this the low or will the stock continue being hammered. Is that the opposite of 'buy on the rumor, sell on the news', i.e. some folks may have sold on the rumor of the file, and the buy may be on the news. Anyways, that's news. Bad news.

Best of luck with your investments!