CryptoFundManager

KMPH $50 Million Share Repurchase Program

Long
NASDAQ:KMPH   KemPharm, Inc
When most of the companies are diluting their shares and insiders are selling, KemPharm , Inc. ( KMPH ) does the opposite.

Insiders are buying and the Board of Directors authorizes a program to repurchase up to $50 million of the Company’s outstanding stock valid through December 31, 2023. It is equivalent to 18% of KemPharm’s current market capitalization.

Because of the short term puts i have 2 approaches for KMPH:
dump to 7.17 and then go to 11.45
or
bounce from the strong support which it has right now and go to $14.50

Looking forward to read your opinion about it.

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