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Woodford Now cleared with Acacia Research now buying their stake. Interesting to note that Acacia Research share price surged over a similar time frame last week to Mereo
https://stocktwits.com/symbol/ACTG
https://www.yourmoney.com/investing/woodford-equity-income-fund-a-step-closer-to-being-wound-up/
Just letting it ride. If you are you to invest that much they would not need to invest much more to clear the sellers that have dragged the price down over the last few months
Now rising and 30P being paid.
The price here was about 26-28P the last time Nasdaq was 1.80. Would expect it open lower than that though and wait for Nasdaq to open again tomorrow to confirm the rise before it rerates to Nasdaq valuation. The Nasdaq volume was the highest since 27th December and we did see large rise at that point
Pharma Stocks in the US should see boost with Joe Biden doing well over Bernie Sanders in the Super Tuesday Elections. That may be why rising a bit on Nasdaq so far today
Nasdaq close 2.40 USD (+3.45) next week we will see if the SP is in process of rerating
More than likely the New investor had agreed to take an amount of shares and are now on the market buying more displacing invesco and / Link as they see an huge opportunity here
Nasdaq Close 2.32 (+26.21%)
Looks a lot more promising than it did a couple of days again. Feels like the price has been heavily manipulated behind the scenes when you look at the movement since October . Flying on the Nasdaq at the moment at USD 2.30 so maybe it will move a lot higher over the next few days now funding is sorted?
A bit of a rise on the Nasdaq to close at 1.82 (+14%). Perhaps the new investor will buy some additional shares on the open market to help clear some of the Sellers?
It is going up 4% a day and is 7.2 USD on Nasdaq currently. A gradual rise each day bodes well for the long term over a spike which gets sold into. Sure though will be a larger rise on partnership/ licencing though
Maybe people waiting for Nasdaq to open to see what that does
The other thing to add on the UK side is that the volume as been well up since Christmas. The volume most days a lot higher than Average on most days and most seem to be buys. There seems to be an increased interest in the stock.
Probably a good thing the price in the USA remained flat after the UK close rather than go up. The share should now be on even footing and we dont scenario of the US pre market being lower because the UK does not rise in the morning.
It will be interesting to see what the MM's do tomorrow. It will probably trade at 42-46P until the US opens at 2.30pm and then will correct if the US market confirms the rise from yesterday.
guess will have to wait until 2.30 Thursday to see if we are going to get a significant rise here over the next few days
Very Erratic few days here. Should see in the next trading week if this heading higher not with normal trading hours and both markets open all day. Was the rise and big volumes last week a foretaste of a bigger rise to come in the new year or just a blip created by MM's. Seems to have performed better on Nasdaq index over the last few days than on UK market
On Nasdaq there was huge volume. These are the highest on record for the stock. 1.83M 26/12 and 5.90M 27/12. All the share as done so far is recovered some of the fall since 08/11. So it will be interesting what the next few days bring