Someone is having fun with PRVB today.
Pre-market it hit the Reuter's "BUZZ-STOCKS ON THE MOVE LIST" as someone sold 105 shares for $6 (down 10.4%). That's an APB to all of the chat rooms.
It opened at $6.72, then driven down as low as $5.72 (200 day is at $5.95). StockTwits chock full of "GAP FILL!!" posts, bringing in more traders... the Gap is down at $4.50, when it spiked up to $9.75 when the trial results were announced on June 10th.
I've been trying to sell a few puts today at nosebleed levels, but there's not much interest. If the traders and shorts can actually get PRVB below $5, I'm backing up the truck. Otherwise, I'll just sell long-dated puts to the nervous nellies.
Posting this for my own historical purposes. You lurkers out there can make fun of me later if I'm wrong.. 😁