Re: MM tactics by former MM
Good analysis Surestock;
Are you referring to FMR (Fidelity) or FBR, Novavax's ATM agent? At last report FMR held slightly over 30MM shares. FBR, on the other hand, now has the green light to sell upto $125MM in shares, which could be almost 100MM new shares at today's prices.
Assuming you are referring to FMR, what would it take for them to resume buying more NVAX shares? I think they once held over 45MM. That might help support the price if they were confident in the future on Novavax.