Neutral/Negative Catalysts
- Primary trend remains bearish (negative MA stack) and momentum is not improving (MACD histogram contracting).
- No fresh news/catalyst in the last week to explain or reverse the sharp regular-session drop (-8.62%).
- Extremely high implied volatility (~370%) implies the market is pricing big swings; direction is uncertain and “buy now” entries can be punished quickly.
- Pre-revenue biotech profile: performance is heavily dependent on clinical/program updates; absent catalysts, downside drift and financing/dilution risk can dominate.
- Influential trading: No recent congress trading data available; hedge funds/insiders show neutral recent activity (no supportive accumulation signal).