Shared by
aristocks
Tags:
BIOTECH
VCEL
Added $VCEL 300 shares at 53.13 after dip after FDA rejected application.
It seems it was more a label problem that the drug itself. The company most likely will resubmit and get approval after getting all things correctly as per response letter from FDA.
It might have been too early. But I see already the stock bottoming and moving sideways even though it has been only few days.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-07-01 14:31:54 | VCEL | 300 | $53.130 | 300 |
| 2021-07-06 09:49:28 | VCEL | -50 | $51.400 | 250 |
| 2021-07-06 09:49:44 | VCEL | -250 | $51.150 | 0 |
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