SPCEO1 wrote: I don't think that $3.87 price is the price they bought at. I suspect it is the price at the end of June which is date of when the filing was due.
It is nice to see a little buying by institutions but it is quite tiny. And that is to be expected since the market cap of the stock is so small and the share price is below $5 per share. Both are huge limitations to institutional buying.
Yet as far as we can tell, TH is persisting in targeting its investor relations efforts towards institutions who cannot actually buy much, if any in most cases, of its shares.
Furthermore, TH has substandard analyst coverage, but again, with such a small market cap and no need for immediate financing, the brokers have no incentive to cover the stock, or cover it well. Indicative of that substandard coverage, none of the four brokers covering TH have written a report on today's news (it is possible they have mentioned it in some internal notes).
Moreover, TH's IR person is on vacation this week so responding to incoming inquiries about the news today is not likely happening.
We own a small company's stock and by virtue of the sub-$5 share price and the its previous unsuccessful drug commercializations and mis-guided IR efforts, the stock price is well below what we could reasonably expect it to be in the current market conditions. Hopefully, with actual safety and preliminary efficacy data on the near term horizon, we will see the stock move above $5 per share and then later above $1 billion in market cap. At such time, it should be much easier, though still not easy because a $1 billion market cap stock is still too tiny for many institutions to buy, to have the share price more fairly reflect the company's prospects.
scarlet1967 wrote: Last time the price was at $3.87 was more than a month ago. The sellers again are unmotivated retail investors. So longtime shareholders paying the price because the company is reluctant so far to address this ongoing issue.
Bucknelly21 wrote: So institutes adding but someone is selling at the same time.... price is stagnant