This is interesting | IMGN Message Board Posts

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Msg  50060 of 50121  at  11/15/2019 2:10:02 PM  by

MRHIROLLER


 In response to msg 50058 by  jv08201
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This is interesting

The institutional holdings report just became public from 9/30/19.

Most of the institutions with large holdings increased shares of IMGN with the exception of Clearbridge which sold a few shares. In particular Renaissance Technologies, arguably the #1 Hedge fund, increased their position 1.6 million shares owning about 5.7% of IMGN stock. Hedge funds double down on promising companies that are perceived to have a depressed stock price. The bad news is that they can get out quickly with high frequency trading which can make the price more volatile. Overall institutional ownership has increased to about 73%.

I view this report as a positive vote of confidence.



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Replies
Msg # Subject Author Recs Date Posted
50061 Re: This is interesting Bibliobiftek 1 11/15/2019 4:37:40 PM






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