It seems pretty evident to me that the street does not believe the company at this point and in fact believes they are "data mining" their drisapersen results, as every comment they make is met with immediate selling. That leads me to think that unless we get a resubmittal of data to FDA for approval or some of their other trial results come through...this thing is stuck.
I would like to think that the large bids that were in place most of the day between $6.02-$6.08 are in fact, just the opposite...they are shorts finally covering their positions. EDGX is the market maker who always sits on the ASK pushing this down, so the fact they were on the bid large most of the day would seem to imply covering. Whether that is true or not, I have no idea. All of this is JMHO, of course.
Recent RNA News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:25:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:17:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/11/2024 08:18:57 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/11/2024 08:18:44 PM
- Avidity Biosciences Joins Patient and Advocacy Communities in Raising Awareness During National Muscular Dystrophy Awareness Month • PR Newswire (US) • 09/05/2024 01:00:00 PM
- Avidity Biosciences to Participate in Upcoming Investor Conferences • PR Newswire (US) • 08/28/2024 01:00:00 PM
- Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) • PR Newswire (US) • 08/21/2024 08:05:00 PM
- Avidity Biosciences Announces Closing of Upsized Public Offering of Common Stock, Including Full Exercise of Underwriters' Option to Purchase Additional Shares • PR Newswire (US) • 08/19/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 08:46:34 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/15/2024 08:43:54 PM
- Avidity Biosciences Announces Pricing of Upsized Public Offering of Common Stock • PR Newswire (US) • 08/15/2024 12:30:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/13/2024 08:20:11 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/09/2024 09:12:23 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/09/2024 09:02:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 08:23:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:20:45 PM
- Avidity Biosciences Reports Second Quarter 2024 Financial Results and Recent Highlights • PR Newswire (US) • 08/09/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 11:02:28 AM
- Avidity Biosciences Announces Positive AOC 1044 Data Demonstrated Significant Increase of 25% in Dystrophin Production and Reduction of Creatine Kinase Levels to Near Normal in People Living with Duchenne Muscular Dystrophy Amenable to Exon 44 Skipping in • PR Newswire (US) • 08/09/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 09:46:57 PM
- Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) • PR Newswire (US) • 08/05/2024 01:15:00 PM
- Avidity Biosciences Announces Appointment of John B. Moriarty, Jr. as Chief Legal Officer • PR Newswire (US) • 08/05/2024 01:00:00 PM
- Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) • PR Newswire (US) • 07/22/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 08:07:00 PM
- Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) • PR Newswire (US) • 06/21/2024 08:05:00 PM
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