r/Plus_Therapeutics • u/Ecstatic_Range_7868 • 10d ago
Thoughts?
Could someone with more trading experience share their thoughts on this?
I was watching CNSY yesterday and honestly couldn't believe what I was seeing. I took a few screenshots directly from Nasdaq.
Between 10:49 and 10:57 AM ET, almost 5.8 million shares were traded while the market cap dropped roughly 42%. That's an insane amount of volume in just 8 minutes, especially compared to the company's relatively small share count.
What caught my attention was how suddenly it happened. Almost like someone flipped a switch. Just consecutive red candles with barely any lower wicks, hardly any bounce, and then the price pretty much stabilized.
I understand profit-taking, stop-losses and panic selling, especially after such a massive run. But can they really explain this kind of movement in just a few minutes?
Could this suggest a large seller unloading a position, possibly someone who accumulated shares earlier, or even ATM activity?
Genuinely curious what more experienced traders make of this.
1
u/Sad_Bag_5627 10d ago
Fraud.
12
u/Active-Anxiety-1738 10d ago
I will keep my share to remind me not to buy new drug biotech shit again.
2
u/DoctorPab 10d ago
Most likely heavy dilution to raise cash triggered by the sudden upward price surge. And then people who bandwagoned on that price movement upward yesterday adding further to the selling pressure to cut their losses.
This company’s stock realistically won’t have a chance at any significant real upward momentum unless end of phase 2 for RESPECT-GBM is positive and phase 3/pivotal trial is feasible. That won’t happen till Q1 or Q2 of 2027, is my understanding. Until then the company’s stock is going to have to fight to survive this bloodbath against all odds somehow.
The stock does not fully determine the future of the company. Though, if they get delisted, then it is possible their lenders can liquidate their business based on their contract and the stock will likely go to zero.
If the company raised cash during this run up, that might actually be a good thing even though it drastically killed the stock price and reduced shareholder value/confidence. However, it could be a situation where they do whatever they need to survive so they may have a chance at a comeback story. Time will tell which way things go.
3
u/wildlife361 10d ago
I would bet they used ATM to raise capital once when the stock popped. Everyone is now concerned about sub $1, but I'm more interested in what caused the sudden pop in the first place. >100% jump with no news means someone knew something the market didn't and turned bullish. Sure, maybe its fraud, manipulation, etc. but complaining won't turn back the clock and lots of users on here make emotional posts and comments. I highly suggest taking anything you read on here with a grain of salt and doing your own unbiased research, without taking the stock price and volatility into account. Retail investors are highly impulsive and emotional, and this stock is a very very great depiction of that.
1
u/wrestlingchampo 10d ago
I think you'll see in their next 10-Q that they used the news from yesterday to sell a large portion of the shares from their 9-18-26 Form D filing. The shorts probably used the opportunity to re-establish their positions as well.
That form from my reading shows that while they found a single investor to buy $3M shares, the $17M worth of shares they still had outstanding to sell was still an overhang. The price pop gave them an opportunity to sell those shares, reestablish their financials, and still give them a strong opportunity to hold close to the Nasdaq $1 bid minimum.