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jbog

08/11/16 5:18 PM

#15778 RE: biotech_researcher #15777

The bigger question would be 'why' are they selling at this level. It isn't that they don't want to make money.

Novartis is selling it's Roche Holdings which amounts to $13.9 Billion so maybe they're just clearing the decks.
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DewDiligence

08/12/16 12:44 PM

#15783 RE: biotech_researcher #15777

If NVS completes the full divestiture on schedule, the MNTA sales will average ~38K shares per trading day, which is about 7.5% of MNTA’s average daily adjusted trading volume. This is not insignificant, but it’s not necessarily a rally-killer.