Who cares what their logic is, but if I had to guess, it is that the FDA will wait until the last minute to decide, and they can make a few pips by pushing the price down on the fear that sometimes appears when waiting for news.
A question I prefer to ask is why Dr. Krause would spend $74K on Meso so close to the PDUFA date? Who do you think is in a better position to guess whether approval will be granted? Krause or the shorts? The shorts don't have insider info; there are no leaks.
Who cares what their logic is, but if I had to guess, it is that...
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Last
$1.49 |
Change
0.140(10.4%) |
Mkt cap ! $1.701B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.54 | $1.37 | $23.10M | 15.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24758 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 73626 | 3 |
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