$3.50The price of THTX is stuck at $3.50 and has been for several weeks now. This lack of movement, despite news of insider buying and the appointment of Dr. Rothenberg as well as interst in TH's SORT1+ platform and a huge bull run in the market is not a normal situation and one wonders what forces are at work that is leading to the stock flatlining at this level.
I don't have any great explanations, unfortunately.
Could there be both a buyer and a seller of some size who both think $3.50 is the price they want to transact at and their respective algos are just working with each other over a number of weeks. Could Cantor be acquiring a position for later disposition at a profit when they put out a report complimentary of TH in preparation for the ATM offering?
Of course, we cannot really know what is going on, but it sure is odd.