Mar. 20 at 7:48 PM
$RCKT This price action is not surprising at all. We had a 50% run up until about 10 days ago. What you are searing now is profit taking and de risking leading into the PDUFA. For recent comparison, check out Vanda. VNDA bled out for the coupe of weeks leading into the PDUFA and closed the Friday before slightly under
$6. They received approval at a 4pmish the Friday before a Saturday deadline(like RCKT) and quickly shot to
$9 in after hours.
Will this continue to bleed or will
$4.20ish be the bottom? Who knows for sure. I am betting heavily on approval however and I am adding at this level.
DYOR, NFA. And good luck!