There’s normally not insider trading with CMP, so the market does not move in advance of announcements.
It is common for this, like many thinly traded micro caps, to make big price jumps on high volume when positive news is released, then gradually drop back in price over time.
Plenty of aggressive selling in many stocks today, fear, margin calls or locking in profits.
There are buyers of MEG machines who have been waiting for the approval, but will still take a little time to get contracts signed.
CMP Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
