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Bullboard - Stock Discussion Forum Mind Medicine (MindMed) Inc MNMD

Alternate Symbol(s):  N.MMED.WS | N.MMED.WA | N.MMED.WR | N.MMED

Healthcare
Mind Medicine (MindMed) Inc. is a clinical-stage biopharmaceutical company, which is engaged in developing products to treat brain health disorders. It is developing a pipeline of product candidates, with and without acute perceptual effects, targeting neurotransmitter pathways. This specifically includes pharmaceutically optimized product candidates derived from the psychedelic and empathogen... see more

NDAQ:MNMD - Post Discussion

Mind Medicine (MindMed) Inc > Stock Price Pressure
View:
Post by sollmg on Jun 05, 2024 10:24am

Stock Price Pressure

I looked for news to try and find a reason for the price movement. Found nothing bad. Then looked at the shorts. 22% of the float short. looks like a bear attack. Also looked at the institutional holding chart. Very encouraging. Currently stands at 35,149,152 shares
Comment by Robert1999 on Jun 05, 2024 11:21am
100% agree It's not the time to sell
Comment by sollmg on Jun 05, 2024 11:40am
Further searching found this on seeking alpha https://seekingalpha.com/news/4113189-rbc-recommends-buying-mindmed-amid-psychedelic-stocks-sell-off RBC recommends buying MindMed amid psychedelic stocks sell-off    
Comment by Robert1999 on Jun 06, 2024 8:27pm
49.12% % of Shares Held by Institutions 50.47% % of Float Held by Institutions 161 Number of Institutions Holding Shares % was 5%, 1 month ago...very promising
Comment by Starkicker on Jun 06, 2024 12:00pm
This doesn't look great. PTSD treatment was kind of MM's thing. https://www.forbes.com/sites/roberthart/2024/06/05/psychedelic-stocks-tank-after-fda-advisors-shoot-down-mdma-therapy-for-ptsd/?sh=3e25465f5010
Mind Medicine (MindMed) Inc