It’s not often you see such consistent buying over such a long time period (last red day was the 15th - 13 days ago!). Additionally, volumes have been unusually high. I still believe that this is related to the JPM conference, the timing lined up well and for US investors familiar with these companies fetching valuations in the 10s of billions of dollars, I’m sure this is a company that had many attendees double checking their numbers (“are you sure the intern didn’t forget a few zeros?”). For them, at these prices and given the proximity of the readout and the probability of success, this would seem like the steal of the century. If this were listed in the US it would already be trading at over $3 IMO
At the same time, this could be something else. Potentially a suitor accumulating shares in advance of making an offer (my bet is it’ll come soon after either the first readout or the second)
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