My preference would be that the share price follows the trend of the last week, rising each day so Neuren struggle to buy back much at all until we’re back close to most analysts valuation at $30. Although my expectation is that the shorters will have another go and Neuren will again attempt to limit downside. One point in Neuren’s favour is the longer this goes on the closer we are to the next Acadia quarterly revenue announcement which, if following the previous positive trend, can’t be ignored forever.
NEU Price at posting:
$12.55 Sentiment: Buy Disclosure: Held
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