Something is upThe last 2 days of trading are out of the norm for CIBC. The daily volume has dried up and CIBC seems to be in a pause here. CiBC has been consistently shorting this stock lower on a daily basis for the past 2 years, why the change since yesterday.
I am speculating here but have they been contacted by the regulators and are now under the microscope or have they got wind that material news is coming soon.
Now i am not complaining, I am happy to see the change but something just feels different here.
We can all agree that there is no bonafide reason for tge recent decline from $2.56 to $1.70 and that Arch is severely undervalued at $1.70 compared to similar staged peers and the stellar science confirming the drugs potential.