Novelion Therapeutics Inc. (NVLN) rose sharply after market close yesterday after a major shareholder advocated for the company to explore a potential sale to another company. Our classroom has had a position in NVLN for a while where we were looking for something like this to happen, but the move was short-lived so we were forced to close the position signal at a profit. The stock still looks like a new trade entry is likely, so we will keep a close watch on it. Here’s a recap of what happened.
