The direction of the sp usually tells you if they’re sells or not. Anyone with sub-3% who’s fed up waiting will have a few million to dump. The peculiar thing was that 99% of holders were expecting the company to finally get FDA approval, so when it arrived it was really no surprise. Hence the very short action on the day. Now it’s back to wait and see.
JH, They look like BOTs to me - the larger ones coming in parcels of two trades, usually a minute apart..eg 8.24/8.25am; 10.24/10.25am; 11.09/11.10am. All imho.
Never known a share where all the holders are happy to wait - and wait - and wait ever so patiently for approval, presumably expecting a positive outcome at last.