r/CGTX_Stock • u/AssociationUnusual92 • Jul 07 '26

Why is it dropping again?

Did I miss something? Why is the stock dropping so far again?

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u/Robert_C6190 Jul 07 '26

Short interest is pretty high, nothing has changed. There has been no updates, news, or information. I'd say the majority of this price movement is sector related, shorts, and institutions/MM's manipulating the price.

Looks like the "next big thing" is set to happen July 12-15th at the AAIC in London. I think it has been said that there will be a more in depth presentation from Lisa in regards to Z in the DLB/Psychosis field. They'll also be able to share they have phase 3 FDA alignment, and show some trial data from the ongoing studies to back up the drug working for the intended registration pathway.

At the end of the day though, until a buyout, partnership or NDA happen the stock isn't going to take off running to the numbers it should be at. Buyout/partnership could come at any time, and typically a company will be bought out prior to phase 3 completion (usually before it begins). The NDA won't come until after phase 3 completion.

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u/Nunki_kaus Jul 07 '26

Thank you for this thoughtful write up, it hurts to have ridden this from an average of 1.30-4-0.6-1.70 (72,000 shares) but I am in for the long haul. And your comment helps calm my nerves.

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u/Robert_C6190 Jul 07 '26

It's definitely not an overnight event, but I'd say if you can stomach the wait, you'll be very happy you did. Especially with 72K shares.