RE:Strange price reaction for KNR today!flight100 wrote: Based on today's news, the KNR price should be at least 3.65+ but the way that the stock is trading , it looks that the MMs are holding it. Is it because of possible granting stock option to the insider or something else? Does anyone have any idea why the price is not moving big?
When KNR announced CSA approval last week, the stock jumped by 20-25%. now with the today''s announcement of US side approval that is a much bigger market, we should have had at leasy 25% increase on the price by now. Very strange, though I am still adding more shares as I am confident that it is a matter of time before we see KNR at 8-10 range!
I find it amazing too considering the sp movement vs further great news from KNR, and far more news to come. A Big Yes about MMs having another great day with KNR.
Ohhh well, sometimes it's best not to ask why ( why waste time) but to buy buy buy as I do so once again today. I've done my DD & with the NRs/interviews of the past 6 months, I feel very comfortable with my KNR position & it's present low market cap. A market cap which does not reflect the future value of a disruptive tech in the Safe Spaces Tech fields.
Best wishes to All, good health,
Sincerely,
Topseeker