PennyStocks101

BLU Still A Lot Of Ground To Cover But Institutions Are Watching

NASDAQ:BLU   BELLUS Health Inc
BLU afterhours runner on Friday. Just cashed up a cool $40 mil. But the institutional positions could be a thing to monitor closely. Such a blown out penny stock now getting some attractive institutions posting 13's

" After the closing bell on Friday, BLU stock jumped from a close of $2.45 to after-market highs of $2.79. Something else to note is that a 13G was also filed Friday showing Steven A. Cohen’s Point72 Asset Management, L.P. holding a position in BLU stock, in addition to OrbiMed Advisors. With institutional interest growing in BELLUS, will it be one to watch, moving forward?"

Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events