Avid Bioservices Inc (CDMO)

[senrex]

tarifa.....I think they closed the gap dating back to January 6-7. The gap was between 2.69 and 2.73 (today's low was 2.71, so not quite a complete gap close).

I think it's a stretch, however, to say that was the reason for this nonsense. The more likely reason was the 20,000+ 2.50 July puts whose holder knew all along that they had the resources to massacre the price before ASCO and get shares on the cheap. I think DNDN had a similar massacre experience that flushed out a massive number of stops before their complete recovery and surge upward.

Sheer market manipulation.