Earlier today $MACK spiked towards the 6.50 area (half dollar resistance) and then on the daily it spiked into the 200ma and failed. It has pretty good resistance in that area so i'm looking to see if it will spike up towards the 6.50's area tomorrow and then i'll go short!
Merrimack Pharmaceuticals, Inc. (MACK) a biopharmaceutical company is engaged in discovering, developing, and preparing to commercialize medicines paired with companion diagnostics for the treatment of cancer primarily in the United States. MACK is currently trading around $7.12 in a 52 week range of $2.05-$7.65. The company’s stock has been under performing the...
3 different people within the company bought shares at around $3.70 on 11/27 and 11/29. Although the stock has already rallied, I think there is some more left in it.
A total of 289,000 shares were purchased by insiders last week, close to a $1 million