Bought Deal Games...Brokerage firms are playing games with the share price. Remember they got alot of shares at $58.80. They guaranteed CPX the money for the shares at that price.
And they likely held a.bunch of them in inventory as they all increased their price targets enticing investors to buy based on those targets. Sonic an investor bought today at $63.80, the brokerage firm is likely selling them the shares they got a week ago at $58.80 for a tidy $5.00 profit for the broker.
The firms are supporting the shares price by issuing these new targets but once they run out of $58.80 shares to unload.on investors (which should be very soon based on the concerted effort to goose the price today) the share price should retreat back to $60.00 really quick. Even quicker if the brokerage firms decide it is time to clean up their inventory and decide to just unload the last 10,000 shares after having made $ 4 or $5 a share on the first 2,000,000 shares. They don't care what they get for the last bit, they just want to fully close the deal so they can calculate their bonus.That day is coming. Maybe later today, maybe tomorrow, sooner than you think IMO.
GLTA