On release of the original announcement on 15th December 2020 entitled 'Mesoblast Phase 3 Chronic Heart Failure Results' back in December, the share price dropped 20% from $4.54 to $3.64 prior to the announcement entitled 'Mesoblast Update on COVID-19 ARDS Trial' that was released on 18th December 2020.
A recent low of $2.10 followed by consolidation between $2.15 to $2.30 suggests MSB found price support at these levels. The current price of $2.63 is a 21% rise from the recent low of $2.16 that was observed immediately prior to the announcement entitled 'Rexlemestrocel Reduces Heart Attacks/Strokes/CV Death in CHF'. Hence I am of the opinion that we won't see much more upside from this announcement until something else happens.
A worldwide CHF agreement would in my opinion create a base of $5 immediately.
Ann: Rexlemestrocel Reduces Heart Attacks/Strokes/CV Death in CHF, page-382
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Last
$1.03 |
Change
0.080(8.42%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| 95.5¢ | $1.03 | 95.0¢ | $43.38M | 42.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72752 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 205100 | 2 |
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