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Posted On: 04/08/2020 7:04:18 PM
Post# of 148908
I think $6+ based on market cap of INSG (~$2.5B at $6 SP) vs. the market cap of IMMU (~$4B at $18 SP).
Watch average volume...with ~9M shares traded, SP seems to be treading water. On news of approval for emergency use from the FDA, I expect volume to be at least 5x larger. The move up from $1 to $3 had ~40m shares traded. A caveat is that when it did this, share price was a third of what it is now (much cheaper). Could be it takes half (20M) shares to sustain a sharp move upwards.
Watch average volume...with ~9M shares traded, SP seems to be treading water. On news of approval for emergency use from the FDA, I expect volume to be at least 5x larger. The move up from $1 to $3 had ~40m shares traded. A caveat is that when it did this, share price was a third of what it is now (much cheaper). Could be it takes half (20M) shares to sustain a sharp move upwards.
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