2 ms·
You think it's because the ticker is similar to TSLA? They are trying to develop treatments related to COVID-19, I bet that's the real reason it spiked this yea
by dtwest 6y ago
You think it's because the ticker is similar to TSLA? They are trying to develop treatments related to COVID-19, I bet that's the real reason it spiked this year. I don't know anything about the company, just took a minute to look at their website.
- adventured 6y agoSeveral stocks have seen that kind of spike due to Covid, so it's quite plausible it was just Covid. Sorrento (SRNE) went from $1.70 in March to $19 due to peddling Covid this and Covid that (currently at $7 with a $1.78 billion market cap). Moderna (MRNA) went from $18 in February to $95 at the peak of Covid vaccine mania. At the top it had something like a $37 billion market cap, which is not much below Biogen's $44 billion market cap (Biogen has $14 billion in sales and $7 billion in operating income).