sold half his position the day after the pdufa date. he was not allowed to sell on the pdufa date. Instead of just selling it all he has been selling pieces.
It apprears that he has 196 thousand left. he signaled to the market that he wants out so people were rushing out before him
I don't think you can do badly buying in now.
Mpm has distributed shares in the past. I wouldn't be surprised if he distributed two million shares to his fund investors the day of approval. that might explain all the selling.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.