It's not necessarily investors bailing. They could have been smart and had risk mitigation in as a stop loss. The algos/market makers sweep these those to liquidate all of these stop losses and pick up the shares. Like us we have a solid floor in at $7 looking at the chart. It would not be foolish to put in a stop loss just below the $7 mark as there may be a final sweep low before the approval comes out, as was seen on reta.
Remember no1 rule is protect capital.
NEU Price at posting:
$7.85 Sentiment: Hold Disclosure: Held
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