The market rose as Powell began speaking of an end in sight with the rampant inflation, and the markets faded just as quickly when it became clear the process was going to take a very long time. Overlay the AVXL chart with the DJIA chart and you can see exactly when the spike and drop occurred across the entire market.
The price action had very little to do with Dr. Missling or the company as whole. If anything, one analyst allegedly lowered his price target from $80 to $58.
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