March 7, 2019

You Want To Talk About A Roller Coaster Ride?

Bio-Path Holdings Inc (BPTH) shares were up dramatically today, and then they fell very, very quickly. The stock’s price rose from under $3 per share back in late February to over $70 per share. While the company did release a report claiming there BP1001 treatment demonstrated “meaningful clinical improvement”, this is a far cry from a definitive statement of proof of clinical efficacy. With this in mind, it seems clear that this news does not justify an over 20X price increase, so it is no surprise that shares dropped very sharply to nearly $27 after peaking over $70. Here’s a recap.

about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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