Found It - and that really hurts - that these thieves is rewarded - not only from 'bad ruling' - but also this much in the market. Hikma people must be laughing their a**es off - and drinking champagne for weeks' - over this CAFC ruling.
Did the 3 judges (wifes) maybe buy a few shares - 'yesterday' ?
Hikma stock ( HIK .L ) was down .29 % on the London exchange today with just over 800,000 shares traded . What you are looking at is an OTC stock ( HKMPF ) that has traded a whopping 84 shares today . The bid is $ 33 , the ask is $ 129 . I looked , and I can't even trade that OTC stock on my platform . Nor would I with that spread .
Joke is on Hikma buyers once they realize they're going to have to split a < $1B market with at least 4 players - will do zippy for their bottom line. I would have bought some as a hedge but I never believed the market would reward Hikma to such ridiculous levels. Wanna know how stupid this price action is? Dr. Reddy's won too, but their stock didn't move at all.